Galina Gerega, co-founder of Epicenter K LLC (Kiev), indirectly through Epicenter K and Paravita Holding Limited (Nicosia) has obtained over 50% of votes in Intersport Polska S.A., which develops a chain of stores with the same name in Poland.
As reported by the Polish company on the Warsaw Stock Exchange on October 4, this happened after the above companies participated in the closed subscription for Intersport Polska series J shares, with Epicenter K’s share in the total number of votes exceeding 10%.
It is specified that the paid-in share capital of the Polish company amounts to PLN 8 million 274.49 thousand.
During the subscription, 12 million 655.468 thousand shares were sold to one company at a price of PLN1.0471 per share ($0.27 per share).
As reported, Gerega indirectly received 51.3% of Intersport Polska’s share capital at the end of last year within the framework of the investment agreement concluded by the Polish company with Epicenter K and Paravita Holding, but at that time her share of votes was just short of 50% – 49.94%.
The investment agreement with Epicenter K and Paravita Holding, which also operates stores under the Intersport brand in Ukraine, was concluded on April 19, 2023. The document envisaged a total investment of EUR10 million by the partner and the investor. This amount was to be used, in particular, for the development of the Polish company by opening new stores and modernizing existing ones.
On November 17, Yulia Maksymenko and Aivars Bunde, managing and commercial directors of Epicenter K LLC, a separate subdivision of Intersport Ukraine, joined the supervisory board of Intersport Polska.
Gerega at this week’s forum “Dialogues with NV on the Future. Business and War” in Kiev, said that Intersport Polska was unprofitable, it had no strategic investors, so Epicenter K, which had high indicators of the development of the Intersport project in Ukraine, was invited to cooperate.
“And we agreed to go and help realize this project,” she said, adding that this raised the image of the Ukrainian company in front of international partners.
Speaking about the current problems, Gerega pointed to the lack of staff. “Even for such a small Intersport in Poland, we faced the same staffing problem we have now in Ukraine. Even among Ukrainians who left temporarily to Poland, we can’t find effective staff for them to work in this Intersport,” she stated at the forum.
In the 2023/24 fiscal year (ended March 31, 2024), Intersport Polska’s revenue fell 21% to PLN189.1 million, while its net loss rose to PLN39.6 million from PLN13.1 million a year earlier.
The Intersport Polska network, according to its website, includes 31 stores and a delivery network with about 500 employees, while the Intersport network has about 5,400 stores worldwide.
External financing of the state budget as of 01.06.2024, billion USD
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Thanks to the best price-quality ratio, professional service and high customer confidence, Kovlar Group’s share in the Ukrainian fire protection market in 2024 amounted to 60%, and for some products it reaches 90%. The company announced this in a press release.
According to the company’s co-founder Kostiantyn Kalafat: “In 2016, the then newly established Kovlar Group offered the Ukrainian construction market an affordable fireproof plaster Ammokote GP-240, which completely changed the rules of the game in the segment. Prior to that, the market for fire protection materials was largely divided between unscrupulous Russian manufacturers and importers of European products, who kept the prices for fire protection high. This not only increased construction budgets, but also harmed the development of the steel construction industry in Ukraine, as customers refused to use steel solutions in their projects due to the high cost of fire protection.”
According to him, after the launch of the innovative Ammokote GP-240 gypsum plaster, due to the excellent combination of high fire protection properties and low price, it became so successful that in a few years it occupied about 80% of the plaster fire protection market. This allowed the company to invest in its own production facilities with modern equipment and a large warehouse, as well as in a research laboratory that allows for fire testing and the development of new materials.
Today, the company’s portfolio includes more than 20 different types of fire protection materials. Over the past 6 years, Kovlar Group’s turnover has amounted to about UAH 200 million, of which the company has paid more than UAH 38 million to the Ukrainian budget, which is a record figure for the fire protection segment.
Kovlar Group is owned by three Ukrainian citizens: Konstantin Kalafat, Lyubov Vakhitova and Andrey Ozeychuk.
On October 4, on the eve of Teacher’s Day, the Presidential Foundation for Support of Education, Science and Sports presented Presidential Awards to the winners of international student competitions and their mentors. This year’s award ceremony was held as part of an official event with the participation of Deputy Minister of Education Mykhailo Vynnytskyi, Deputy Head of the Office of the President of Ukraine Olena Kovalska, Advisor to the Presidential Commissioner for the Presidential Foundation Olha Budnyk, representatives of the Minor Academy of Sciences and others.
Ukrainian schoolchildren continue to demonstrate impressive dedication and motivation, winning 25 medals (13 silver and 12 bronze) in seven international student competitions this year: in mathematics, computer science, physics, chemistry, astronomy and astrophysics, biology and geography.
Despite all the difficulties caused by the war, the state supports talented children by creating conditions for their development and realization in Ukraine. During the ceremony, 25 young Ukrainians who achieved the highest results in the international educational arena received awards from the Presidential Foundation of Ukraine, as well as 23 mentor teachers who helped them prepare for the competition.
For the fourth time, the Presidential Foundation of Ukraine awards winners and prize-winners of international educational competitions not only to recognize their achievements at the state level, but also to create opportunities for their development in Ukraine. Each student who wins a prize receives a Presidential Award of UAH 100,000, which is a significant step in supporting the intellectual development of young people and strengthening the scientific potential of Ukraine.
Mentor teachers, who play a key role in the achievements of their students, were also recognized. They receive the President’s Award in the amount of UAH 50 thousand. Established in 2023 at the initiative of the President’s Foundation, this is the second time this prize has been awarded to teachers. Today, their role is extremely important, as teachers not only teach but also educate the next generation, shaping moral guidelines and spiritual values for the country’s future.
“Talented young people are the driving force behind Ukraine’s development. Today, we are witnessing a generation that, despite all the challenges, demonstrates incredible perseverance and perseverance. It is now more important than ever for the state to provide them with comprehensive support and create opportunities for the development and realization of their talent in Ukraine. The President’s Award is one of the tools that recognizes their achievements and emphasizes their value to the country. The contribution of teachers, who help gifted young people to realize their potential, is also worth noting. The joint efforts of teachers and young people are building the future of a strong, European Ukraine,” said Olga Budnyk.
The Presidential Foundation of Ukraine as an institution continues to support talented youth and their mentors. It is important for the state to create conditions for the development of future scientists, as human capital is a key force for Ukraine’s recovery and development. The Foundation is actively working on the development and implementation of new programs and initiatives to support talented Ukrainians, which helps to create favorable conditions for their further development.
student competitions, The Presidential Foundation of Ukraine
Components of state budget expenditures in 2021-2024, UAH bln
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Visitors will be able to get acquainted with popular healthy nutrition programs, receive information about a healthy lifestyle and the principles of natural healing.
The event will offer free expert consultations, as well as the opportunity to undergo an express examination – diagnostics of the entire body.
The event will offer the opportunity to buy homeopathic medicines, herbal medicines, honey and healthy bee products, and other natural medicines.
The VEGAN EXPOsition-2024 vegetarian market will offer a wide range of organic products from craft producers and a tasting of goodies.
Ecovillages of Ukraine will present eco-food products made entirely from natural ingredients and using safe technologies.
Specialized literature will also be available for purchase.
The exhibition is held in conjunction with the WINGS festival of psychological practices , which will open up new horizons of self-discovery.
An interesting program of events, namely master classes, presentations, round tables, demonstrations of wellness techniques during the three days of the exhibition, is available in detail:
https://expo.agroc.com.ua/pro-vystavku/work-program
Temporarily displaced persons and combatants can receive free psychological assistance.
Visit the Cinema House at 6 Saksahanskoho St., Kyiv.
Opening hours: 10:00-18:00
tel. /mobile: (068) 954-27-56
E-mail: a.exposition@gmail.com
Web: https://expo.agroc.com.ua/
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The general media partner is Interfax-Ukraine.
We are looking forward to seeing you on October 18, 19 and 20 at Health and Longevity 2024!
We wish you good health! Take care of your health!
