The acquisition of the Creative factory by the company Kernel Group had a corruption component. Such an opinion was expressed by the expert of the Concorde Capital investment company, Alexander Paraschiy, according to the AgroPolit.com.
He argues that the deal is profitable for Kernel, but would be a bane for the largest state-owned banks and leads to potential losses of the state budget.
“After the sale of the Ellada plant, the flagship of the Creative company, we believe that it will be difficult for other creditors (another two state and a syndicate of the foreign banks) to recover any part of the remaining debt of the company. Thus, the government’s decision seems suboptimal to the state budget and has signs of corruption. We believe it possible that an agreement will be canceled”, – said Alexander Paraschiy.
The Kernel Group is a vertically integrated national company operating in the agricultural sector of Ukraine since 1994. It produces sunflower oil, carries out the distribution of bottled oil in the country, exports oil and grain, provides the storage of grains and oilseeds at the elevators, and also has agricultural production.
The Agroindustrial Creative Group is an integrated company specializing in the processing of agricultural products, production of feed products for livestock and poultry, food and biofuel production. The company has 9 factories, crop farms and livestock complex.
Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]
On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]
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US President Donald Trump canceled the trade negotiations with China due to pandemic of coronavirus. The American leader has accused China in the spread of the virus in the world. The information was reported by Bloomberg. The trade agreement concluded in the first stage, which came into force in February, ensured a discussion of the […]Next
If re-rigid quarantine is introduced, the Ukrainian economy will lose three times less than during the spring lockdown. This was stated on ICTV by the adviser to the head of the President’s Office Tymofiy Milovanov. According to him, the second lockdown will be easier, because during this time the economy has adapted to the conditions […]Next
Russian operator MegaFon made a deal with Mail.ru shareholders to acquire a controlling stake shares of the corporation. According to official information, the purchase of securities was effected by signing the agreements with companies such as New Media and Technology Investment LP, New Media Technologies Capital Partners Limited and Ardoe Finance Limited, who are the […]Next
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Turkish government for the first time resolved to apply penalties to the social network Twitter. Recently, Turkey turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]Next
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