ATB buys Barvinok network

ATB buys Barvinok network

21.11.2016 News

As “Liga.net” reports, ATB will have finished the transaction on purchase of large West Ukrainian Barvinok retail network until the end of the year.
ATB,the largest food retailer buys the Barvinok West Ukrainian network.The network has already changed the owner in 2015. Then Eurotek purchased it.
The investment banker who wished to remain unnamed reported:”ATB applies for 17 of 27 shops of a network. It is about the sale not of all business but only rooms, the equipment and a commodity remaining balance”. He estimates the amount of transaction at 5-6 million euros.
As had been reported earlier, Barvinok network has changed owners several times the last eight years.
In 2008 the Intermarket Lviv company sold a network of 17 shops to the Polish investment fund Abris Capital.

Abris Capital has sold the retail company asset Eurotek of Mikhail Veselsky who, according to the experts, has  paid for it at least 10-12 million euros at the end of last year. According to GT Partners Ukraine research company, Eurotek has managed six food networks of different formats: Barvinok (27), “Fresh” (9), Arsen (9), “Quarter” (26), “Souz” (13) and “Gurtivnya in Lviv” (1) for the end of the third quarter. GT Partners Ukraine estimates that the share of the Eurotek company in the market of a food retail has constituted 0,7% for the end of 2015.

Representatives of ATB had declared earlier about their intention to develop the network in the western region of the country. The retailer opened the first three shops in Drogobyche, Stryi and Lviv in autumn. The transaction will allow ATB to strengthen the line items.
The retailer has managed a network from 791 shops for the end of the third quarter.Its share of the Ukrainian market of food retail has reached 9,8% in 2015. Following the results of 2015, the company has shown 46,7 billion UAH of revenue.

Read alsoAustrian investment banker buys 65,7% of Investbank shares

Other articles

  • Netflix reported a slowdown in the number of new subscribers
    News

    Netflix reported a slowdown in the number of new subscribers

    The streaming service Netflix published quarterly reports, which did not meet analysts’ expectations on a number of indicators. In this regard, the company’s shares fell by 5.7% during electronic trading. For example, Netflix’s earnings per share were $ 1.74, while analysts surveyed by Refinitiv expected $ 2.14. The number of new paid subscribers was 2.2 […]

  • Nokia has become a 5G supplier for Telia in Scandinavia and the Baltics
    News

    Nokia has become a 5G supplier for Telia in Scandinavia and the Baltics

    Finnish corporation Nokia will supply about 7.5 thousand 5G transmitters for Telia in Finland, Scandinavia and the Baltics, the equipment supplier said on Wednesday. Telia is a telecommunications company. The headquarters is located in Stockholm. The company’s largest shareholders are the governments of Sweden (37.3%) and Finland (11.7%). The company serves all government communications resources […]

  • The UN has estimated the scale of the decline in world trade in 2020
    News

    The UN has estimated the scale of the decline in world trade in 2020

    Global trade turnover in 2020 will decrease by 7-9%. This was announced on Wednesday, October 21, by the RBC-Ukraine news agency with reference to the report of the UN Conference on Trade and Development UNCTAD. The decline in trade has occurred in all regions of the world due to quarantine restrictions, the report said. They […]

  • The founder of Microsoft announced when the drug from COVID-19 will appear
    News

    The founder of Microsoft announced when the drug from COVID-19 will appear

    The coronavirus epidemic in the world will intensify by the end of this year due to the seasonality of the infection, but in early 2021 the situation will improve. This opinion was expressed by the head of Microsoft Bill Gates at the virtual conference GeekWire Summit. This was reported by Inc. “The good news is […]

  • The second plant of the Ukrspirt was sold at the auction
    News

    The second plant of the Ukrspirt was sold at the auction

    The State Property Fund sold the second object of the alcohol industry – Artemivsk distillery – for 50 million hryvnias. This was reported by the press service of the State Property Fund on Facebook. “The auction for the sale of the property of Artemivsk MTD and the storage of alcohol has just ended. This is […]

  • WHO has announced another record with COVID-19
    News

    WHO has announced another record with COVID-19

    In the world last week, coronavirus was found in another 2.4 million people – a record high since the beginning of the pandemic. This was reported by the WHO on Tuesday, October 20. “The number of new COVID-19 cases continues to grow rapidly, while the number of new deaths remains relatively stable … As of […]

  • Pfizer submits the application to the FDA for permission to use the emergency vaccine of COVID-19 in November
    News

    Pfizer submits the application to the FDA for permission to use the emergency vaccine of COVID-19 in November

    Shares of the largest US pharmaceutical company Pfizer, down to 3.14% since the beginning of the year, rose to 3.83% on Friday on good news about its vaccine against the COVID-19. Currently, the mTNA candidate vaccine of BNT162b1, developed by Pfizer in the partnership with the German company BioNTech, the mechanism of the action of […]

  • Halliburton’s net loss in January-September was $ 2.7 billion
    News

    Halliburton’s net loss in January-September was $ 2.7 billion

    The net loss of the American oil service company Halliburton Inc., attributable to the main company, in January-September amounted to 2.71 billion dollars against the profit of 522 million a year earlier, according to the company reports. Halliburton’s diluted loss per share in the reporting period was $ 3.08 against earnings of $ 0.6 a […]

Read also

ATB buys Barvinok network
News

AMD shares rose Against the background of a strong quarter and higher forecasts

Shares of Advanced Micro Devices, increased on 47.4% since the beginning of the year, rose on 10% after the announcement of the financial results of the 2nd quarter, which ended on June 27, and the publication of optimistic forecasts, despite the pandemic. The report was preceded by a sharp rise in shares of AMD after […]

Next
ATB buys Barvinok network
Analytics

Three ideas for your business: what it is worth paying attention to

The editorial office of our magazine has already repeatedly mentioned a subject of investments in the publications. Even, if you aren’t ready to invest the money in a new  perspective or the existing and stable project, understanding of general tendencies of the market for any entrepreneur now – for a beginner or an experienced person  is the […]

Next
ATB buys Barvinok network
News

Citigroup’s net profit for the nine months fell twice

Net profit of one of the largest financial corporations in the world Citigroup Inc. in January-September 2020 fell twice, compared to the same period in 2019 to $ 7.068 billion, follows from the reporting of the corporation. Adjusted earnings per share were $ 2.97 against $ 5.89 a year earlier. The financial giant’s revenue for […]

Next
ATB buys Barvinok network
News

The Antimonopoly Committee of France has fined 20 delivery services to 672 million euro

According to the Wall street journal, the French regulatory authority has fined 20 firms engaged in the delivery for 672 million euro. The reason for this decision of regulators is financial fraud of companies, that administered prices through collusion for six years. The companies  violated the law in the financial sector and in the field […]

Next
ATB buys Barvinok network
News

Large companies are opposed to the new British Telecommunications Act

The new draft law on telecommunications in UK suggests that companies, mobile operators, Internet – companies will have to keep the data  about activity of  their customers online for one year, and this will enable special services to require  this data  if necessary and  to read them. According to the information of the British Government, […]

Next
ATB buys Barvinok network
News

Ukrzaliznytsia reconsidered the cooperation with the Deutsche Bahn

The current management of the state company Ukrzaliznytsia does not intend to implement the initiative of the previous management to involve representatives of the German company Deutsche Bahn in the management of the Ukrainian railways. This was stated by the head of the board of the UZ Volodymyr Zhmak in the interview with the edition […]

Next
ATB buys Barvinok network
News

To receive a new tranche of the IMF Ukraine should solve the issue with alcohol

To get the next tranche of credit from its main creditor – the IMF, Ukraine should solve the issue of adopting a law which provides the demonopolization of the alcohol industry. This information was published by the head of the Ministry of Agrarian Policy of Ukraine Taras Kutovyi on his Facebook profile. The adoption of […]

Next
ATB buys Barvinok network
News

TAS Group buys Aegon Life Ukraine

The Ukrainian insurance company TAS Group, belonging to Sergey Tigipko,has absorbed the Netherlands private joint-stock company Aegon Life Ukraine which management made the decision to abandon the Ukrainian market. For shareholders of Aegon Life Ukraine 2015, it has ended with the net loss in the amount of 3,6 million hryvnias. Total receivables of insurers from […]

Next
ATB buys Barvinok network
Analytics

Investment flows of Ukraine

Unfortunately, most businesses in our country learn about foreign investments from the media but not directly from their own production facilities. Despite the recent positive changes in the state, we still can’t talk about a high or at least a satisfactory level of foreign direct investment in the Ukrainian economy. FOREIGN DIRECT INVESTMENT According to […]

Next
ATB buys Barvinok network
News

Experts predict a low oil price in September

The price of oil in September will remain low, perhaps even a slight decrease from current levels below $ 40 per barrel. In October, the downward trend is likely to be interrupted and a gradual growth will begin, which will accelerate in November and December, according to TASS experts. “There will be no serious drop […]

Next
ATB buys Barvinok network
News

France plans to restart the economy by € 100 billion

In France, the government has unveiled a draft plan to restart the 100 billion-euro economy amid a crisis over the coronavirus pandemic. This was reported by BFMTV on Thursday, September 3. The document was released by the Prime Minister Jean Castex after months of consultations with economists, trade unions and other stakeholders. This economic aid […]

Next
ATB buys Barvinok network
News

Nvidia is preparing to make the biggest deal in the chip market

The American technology company Nvidia is approaching to the agreement to purchase the British chip manufacturer Arm from the Japanese SoftBank. Bloomberg was told by familiar with particular situation Sources. Similar information was also reported by the interlocutors of The Wall Street Journal and the Financial Times. Bloomberg sources said, the operation may be announced […]

Next
ATB buys Barvinok network
News

“Darnitsa” was fined for the purchase of “Borshagovskyi CPP” shares without the permission of the AMCU

The AMCU has fined the “Darnitsa” pharmaceutical company for more than 20 thousand UAH due to the violation of the law “On Protection of Economic Competition” in the form of the acquisition of 30% stake in the “Borshagovskyi  CPP”, JSC (Kyiv) without relevant regulatory approval. This was reported by the press service of the AMCU. […]

Next
ATB buys Barvinok network
News

Facebook has extended the remote mode of work of employees until June 2021

US Employees of Facebook were allowed to work in a remote location by June next year. Most Facebook personnel were switched to remote mode in late March, and in April, CEO Mark Zuckerberg said that it is the last among of those to resume working in the office at the end of a pandemic of […]

Next
ATB buys Barvinok network
News

S&P 500 and Nasdaq have updated records on a background due to hopes for treatment with COVID-19

The US stock market came out in the plus on Monday, сontinuing to rise in the previous two sessions, while the S & P 500 and Nasdaq updated a high record due to the investor`s optimism about the prospects of treatment of coronavirus infection COVID-19. The news that the US Food and Drug Administration (FDA) […]

Next
ATB buys Barvinok network
News

EBRD credits the Meest Express on $ 10m

According to Delo.ua, the European Bank for Reconstruction and Development (EBRD) represents the credit to Meest Express  of 10 million dollars on post automatic machine network development. The EBRD press-service informed about it.The postal and logistic operator will have  planned  to increase the share on the Ukrainian market and to develop the existent network until […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com