The Antimonopoly Committee of Ukraine has approved an application of China’s Bohai Commodity Exchange (BOCE) to acquire a stake in the share capital of PJSC PFTS Stock Exchange (Kyiv), the press service of the committee has told Interfax-Ukraine. As reported, BOCE early May 2018 asked the Antimonopoly Committee of Ukraine for preliminary conclusions on the acquisition of over 25% of shares in PFTS. The application was returned, as information was not disclosed in a proper way. Late September, the Chinese exchange repeatedly submitted the documents.
PFTS Stock Exchange is one of the oldest in the Ukrainian stock market. In 2017, the volume of exchange contracts on the PFTS amounted to UAH 64.34 billion, and this indicator was less only compared with the Perspectiva stock exchange (UAH 127.43 billion), but it is more than at the Ukrainian Exchange (UAH 13.41 billion). The main volume of trading fell on government bonds – UAH 57.99 billion, while the turnover of shares amounted to UAH 3.16 billion, bonds of enterprises – UAH 3.19 billion.
PFTS in 2017 received a net profit of UAH 0.82 million against a net loss of UAH 1.78 million a year earlier, increasing revenues by 61.5%, to UAH 9.45 million.
Its main shareholders are Parvana Ltd. with 8.9034% of shares, Crooxton Limited – 9.0596%, Primeview Ltd. – 8.4973%, Dakal Ltd. – 9.372% and Boline Ltd. – 9, 2158%, which beneficiaries are unknown.
The market cost of some commercial property could double in next two or three years, Managing Director of Colliers International in Ukraine Oleksandr Nosachenko has said. “The current value of assets is very cheap. Market players in the next two to three years expect an increase in the market value of commercial real estate. If nothing dramatic happens to our country and economy, in particular, in three years, in some cases we can get the cost twice as high as the one paid by buyers,” he said at a press conference at Interfax-Ukraine.
According to the expert, given the relatively low prices for assets, now it is a good time to purchase high-quality real estate: some investors are in a hurry to close deals. Nosachenko said that in the medium and long term, the share of foreign investors in the Ukrainian market will increase. At the same time, international investors mostly look at the finished facilities, which value is below the market value, with a good location, with a stable cash flow, and quality tenants with long-term contracts.
“This is a good time to purchase the best facilities. This year very high quality facilities were sold. There will be no appearance of many good facilities, the market is very limited. I do not see the tendency for banks to get rid of high-quality collateral property. Today it is not so easy to find a good and problem-free facility, which tends to increase its value,” the expert said.
According to Colliers International, among the main facilities sold in 2018 is Horizon Park BC (GLA is 69,000 square meters in Kyiv), Sky Park SEC (GLA is 30,000 square meters in Vinnytsia), warehouse complexes located at 8 and 68, Obyizna Street (Brovary, Kyiv region), an office building located at 98, Velyka Vasylkivska Street (GLA is 9,000 square meters in Kyiv), an office building located at 29, Kovpaka Street (GLA is 6,300 square meters in Kyiv), an office building located at 100, Velyka Vasylkivska Street (part of the Toronto business center, GLA is 5,500 square meters in Kyiv).
The company also said the process of selling one of the largest and best retail properties – the Ocean Plaza shopping and entertainment center (GLA is 72,200 square meters) – is one of the events significant for the investment market.
Dragon Capital Group remains the largest real estate investor in the Ukrainian market.
One troy ounce=31.10 grams
Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) as of December 5 had exported 19.050 million tonnes of grain and leguminous crops, which is almost 9.2% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, the country exported 9.5 million tonnes of wheat, 3 million tonnes of barley, and 6.2 million tonnes of corn.
Some 98,600 tonnes of flour had been exported on the date.
In addition, the 2018 harvesting campaign is being completed in Ukraine: Ukrainian farmers harvested 69.3 million tonnes of grain from an area of 14.6 million hectares (99% of the forecast) with a yield of 47.4 centners per ha. Grain harvest in Ukraine has already exceeded the historical maximum.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY. Grain exports in the 2018/2019 MY are projected to be 42.5 million tonnes. The grain harvest in Ukraine in 2017 amounted to 62 million tonnes.
Namsen Limited, a legal entity under control of Board Chairman of Kernel agricultural holding Andriy Verevsky, on November 29 acquired 56,744 shares in Kernel Holding S.A. (Luxembourg).
According to a company report on the website of the Warsaw Stock Exchange (WSE), average price of one share was PLN 52.72 ($13.94).
The company increased its stake in Kernel from 39.86% to 39.93%, and the total number of shares held by Namsen increased to 32.177 million.
As reported, on November 8 through November 13 Namsen acquired 178,186 shares in Kernel Holding S.A. at average price of PLN 51.36.
Kernel is the world’s largest producer and exporter of sunflower oil, the leading manufacturer and supplier of agricultural products from the Black Sea region to the world markets.
