State-owned PrivatBank intends to involve an adviser in the preparation and sale of the financial institution’s shares in Bukovel, the largest ski resort in Ukraine, Deputy Head of PrivatBank Halyna Pakhachuk has said. “The bank owns two-thirds of the complex, which consists of 64 facilities, one-third is Skorzonera LLC,” she said.
Pakhachuk reported that this list of objects is not an integral property complex; in addition to the hotel, it includes 104 hectares of land and part of the lifts.
According to the deputy head of PrivatBank, when these objects were initially put on the bank’s balance sheet, their value was estimated at UAH 12.6 billion, including the Radisson Blu Bukovel hotel (Zirka Bukovelia) at UAH 1.62 billion, but their real market value differs from these indicators.
Pakhachuk also said that in recent years the bank has been renting its facilities in Bukovel to the Parktur LLC resort operator (Polianytsia, Yaremche, Ivano-Frankivsk region). In 2019, the rent amounted to UAH 110.5 million, including UAH 47.5 million per hotel, and in 2020 it will increase to UAH 117.5 million, including UAH 50.5 million per hotel.
The deputy head of the bank reminded that these facilities are non-core for the financial institution, and according to the standards introduced by the National Bank in the future, they will have to be taken into account at zero cost.
Radisson Blu Bukovel hotel increased its net income by 9.1%, to UAH 221 million, and the net loss decreased by 36.7%, to UAH 39.33 million in 2018. According to the state register, the beneficiaries of this enterprise are former owners of PrivatBank Ihor Kolomoisky and Hennadiy Boholiubov.
The revenue of Parktur LLC increased by 71.9%, to UAH 425.35 million, net profit increased by 6.2 times, to UAH 86.14 million in 2018, the owner is Vitaliy Kovalchuk, registered in Kolomyia (Ivano-Frankivsk region).
Quarter Partners, a private investment fund, has bought shares in the DOC.UA online medical service, the fund said in a press release. The amount of the transaction is not disclosed.
According to Quarter Partners, in 2020 it is planned to launch the DOC.UA service in Uzbekistan, Kazakhstan, and Moldova. The markets of Georgia, Azerbaijan, the Baltic countries and the UAE are also under development.
The head of the supervisory board of EFI GROUP (a group of companies that is the majority owner of the service), Ihor Liski noted that attracting such investments will bring the service to a new level.
“We continue to improve our innovative practices, strengthen the team and its effectiveness. Therefore, Quarter Partners is a reliable partner for us, able to support bringing the project to a new level,” he said.
EFI GROUP (Effective Investments) operates in various sectors of the economy: pulp industry, gas industry, energy, agriculture, woodworking, creative industry, and healthcare.
The DOC.UA service monthly serves more than 700,000 requests. A base of more than 10,000 doctors and 1,700 medical institutions in Ukraine is available to DOC.UA customers.
Quarter Partners fund invests in businesses with a high growth potential for their development and subsequent sale to strategic investors. The founder of the fund is Ukrainian investor Andriy Ivanov. Quarter Partners completed deals on equity raising and selling to strategic investors totaling over $5 billion.
Canada’s FFHL Group has announced its intent to acquire 29.08% of shares in PrJSC Universalna Insurance Company (Kyiv).
According to the National Commission for Securities and the Stock Market, earlier FFHL Group and affiliated persons did not hold shares of Universalna.
Earlier, the Antimonopoly Committee of Ukraine permitted Fairfax Financial Holdings Limited to purchase (through a subsidiary of FFHL Group Ltd.) shares of PrJSC Universalna Insurance Company, which will grant over 25% of the votes in the governing body of the insurance company.
The Antimonopoly Committee of Ukraine also allowed Fairfax Financial Holdings Limited to acquire shares of Universalna insurer through the newly created FFH Ukraine Holdings LLC, which will grant over 50% of the votes in the governing body of the insurer.
Universalna was founded in 1991, It provides services in the field of risk insurance. It offers services for 42 types of insurance. The company’s regional network has more than 300 points of sale throughout Ukraine.
Kernel, one of the largest Ukrainian agricultural groups, could consider a possibility of selling shares in a deep-water grain terminal at the Taman port (Russia) if the price offered for them were acceptable, the agricultural holding has said on the Warsaw Stock Exchange (WSE).
Several potential buyers are interested, and if the holding receives the satisfactory price, it will seriously consider the issue of leaving the Russian market, Kernel President Andriy Verevsky said.
As reported, in 2012, Kernel and Glencore acquired a 100% stake in the deep-water grain terminal in the port of Taman from the EFKO group. The transaction value was $265 million. Kernel received a 50% stake in this terminal. In 2018, Kernel transferred its quota for transshipment of 1.8 million tonnes of grain to a third party and received $7.8 million for this.
Kernel is the world’s largest producer and exporter of sunflower oil, a leading manufacturer and supplier of agricultural products from the Black Sea region to the world markets.
Baltic Beverages Invest AB (BBI, Sweden) will buy 12.583 million shares of PrJSC Carlsberg Ukraine (Zaporizhia), one of the largest brewing companies of Ukraine, within the framework of squeeze-out for UAH 14.7 per share.
According to the report in the information disclosure system of the National Securities and Stock Market Commission, this price is defined as the market value of shares as of March 25, 2019. Thus, the total amount of the repurchase of 12.6 million shares of Carlsberg (1.2% of the total number of shares) will be about UAH 185 million.
As reported, Baltic Beverages Invest AB at the end of March 2019 announced its intention to exercise the right to compulsory redemption of shares from the minority shareholders of PrJSC Carlsberg Ukraine.
Carlsberg Ukraine in 2018 increased its net profit by 1.5 times compared with 2017, to UAH 1.634 billion.
Carlsberg Ukraine is part of Carlsberg Group, one of the leading brewing groups in the world, whose products are sold in more than 150 countries.
Carlsberg Group in Ukraine includes three breweries in Zaporizhia, Kyiv, and Lviv.
Myronivsky Hliboproduct (MHP) has announced that it has reached a final settlement price of EUR 221.095 million with Slovenian Steel Group (SIJ) to acquire Perutnina Ptuj, a leading poultry meat and a meat-processing company headquartered in Slovenia.
According to a company report, the price per share is EUR 22.34. SIJ held 9.897 million shares in the Slovenian company. The acquisition was completed in February 2019 subject with final purchase price defined based on audited financial statements of 2018. MHP has now completed this process and has today confirmed a 90.69% stake in Perutnina Ptuj.
“The company is undertaking a full assessment of Perutnina Ptuj’s production facilities and will reveal a full modernisation plan later this year during roadshow/meeting with stakeholders both in Slovenia and London together with top management of both companies,” MHP said.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.