KYIV. Feb 8 (Interfax-Ukraine) – Shareholders in private joint-stock company Milk Alliance (Kyiv) have decided to increase charter capital by 35%, to UAH 37.1 million, the company has reported in the information disclosure system of the National Commission for Securities and the Stock Market.
According to the report, the decision was made at a meeting of shareholders held on February 6.
Milk Alliance will privately place 8.2 million additionally issued ordinary shares with a face value of UAH 1. The market price and the placement price is UAH 1.07 per share.
The company would not attract an underwriter to place the shares.
The participant of the private placement is the only shareholder in the company – MilCo Holding.
PrJSC Milk Alliance is part of the eponymous group.
Milk Alliance unites Pyriatyn cheese factory, Bashtanka cheese factory, Horodenka, Trostianets, Novoarkhanhelsk and Zgurivka cheese factories, Zolotonosha butter factory, as well as Etalonmolprodukt and Etalon trade house sales companies.
KYIV. Feb 8 (Interfax-Ukraine) – Bulgaria’s Fisherman Investments LLC intends to acquire 2.724 million shares or 21.9999% of the share capital in private joint-stock company Kostopil Glass Plant (Rivne region), the company has reported in the information disclosure system of the National Commission for Securities and the Stock Market.
Edmonton Developments Inc. (British Virgin Islands) will sell the shares. As of Q3 2016 the company held 21.9990% in the Ukrainian company.
The price of a share will be $0.12 or UAH 3.23.
As of February 7, 2017, Fisherman Investments and affiliated persons did not hold shares in the plant.
Kostopil Glass Plant was founded in 2000. Its core business is hollow glass production.
KYIV. Feb 7 (Interfax-Ukraine) – The Ukrtsukor national association of sugar producers forecasts that sugar exports from Ukraine in the 2016-2017 marketing year (September through August) may reach 500,000 tonnes, which will be 4.4 times up year-over-year.
“Ukrainian producers have already shipped 409,700 tonnes of sugar onto foreign markets in the 2016-2017 marketing year. Therefore, sugar exports are likely to exceed 500,000 tonnes this marketing year,” Ukrtsukor quoted head of its analytical department Ruslan Butylo as saying.
In January 2017 alone, Ukrainian producers exported 65,150 tonnes of sugar to the tune of $32.6 million, which was half of the amount reported in December 2016.
Large shipments were sent to Turkey (12,887 tonnes), Sri Lanka (12,900 tonnes), Myanmar (5,600 tonnes), Switzerland (4,300 tonnes), Israel (4,300 tonnes), and other countries.
Wholesale prices in January 2017 grew by 5.5% on the average and are now within UAH 14.10-14.50 per kg, Butylo said. This was caused mainly by an increase in prices on the international market, as sugar on the London Stock Exchange went up in price by almost 4% over the period under review. Cane sugar on the New York Mercantile Exchange climbed by 6%.
Ukrtsukor estimates demand on Ukraine’s domestic market in 2017 at about 1.54 million tonnes of sugar while 2 million tonnes of sugar has already been produced. Forty-two sugar refineries were in operation during the current season. They processed 13.66 million tonnes of sugar beets.
As was reported with reference to Ukrtsukor, Ukraine boosted sugar exports by almost 3%, to 113,000 tonnes in the 2015-2016 marketing year.
KYIV. Feb 7 (Interfax-Ukraine) – Ukraine intends to increase tenfold its exports to Canada over the next five years, Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska has said.
“If we talk about cancelling import duties, and we have a great desire to do this, then during the course of five years export volumes will increase tenfold, compared to current levels. Over 11 months in 2016 exports from Ukraine to Canada amounted to $26.2 million. This is not an indication of the potential,” Mykolska said during a roundtable meeting in the Verkhovna Rada of Ukraine.
Ukraine’s Ministry of Economic Development and Trade has said in 2015 Ukrainian exports to Canada were worth $30.2 million, while Ukraine imported $206.3 million worth of goods.
As earlier reported, in December Canada’s lower house of parliament supported ratification of an agreement on a free trade zone with Ukraine. The legislative initiative still needs to be ratified by Canada’s Senate.