Business news from Ukraine

Business news from Ukraine

KYIV POST NEWSPAPER IS SOLD FOR $3.5 MLN TO SYRIAN MILLIONAIRE

22 March , 2018  

Kyiv Post newspaper owner Mohammed Zahoor has entered into a preliminary agreement with a Syrian businessman in Odesa to sell the publication for more than $3.5 million. The buyer is Adnan Kivan, a Syrian millionaire. The sale is expected to be completed before April 1, 2018.
Kyiv Post employees cite Zahoor saying that Kivan will sell the newspaper “for much more” than $3.5 million, but could not give the price. Zahoor said Kivan has already made a substantial prepayment installment.