Concorde Capital accuses Kernel of corruption motives when buying the Creative factory

Concorde Capital accuses Kernel of corruption motives when buying the Creative factory

18.03.2016 News

Concorde Capital accuses Kernel of corruption motives when buying the Creative factoryThe 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.

Source: latifundist.com

Other articles

  • Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA
    News

    Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA

    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 […]

  • Uber stops developing a car without a driver
    News

    Uber stops developing a car without a driver

    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 […]

  • Tesla will sell shares for $ 5 billion
    News

    Tesla will sell shares for $ 5 billion

    Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]

  • The first batch of Pfizer COVID vaccine has arrived in Israel
    News

    The first batch of Pfizer COVID vaccine has arrived in Israel

    The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • Pfizer will deliver half of the planned number of vaccines in 2020
    News

    Pfizer will deliver half of the planned number of vaccines in 2020

    Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]

  • JD.com will be the first platform to accept China’s cryptocurrency
    News

    JD.com will be the first platform to accept China’s cryptocurrency

    Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

Read also

Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Italy starts antitrust investigation against Apple, Google and Dropbox

The Italian Antimonopoly Authority has announced that investigating allegations of fairness and improper commercial practices of Apple’s cloud services, Google and Dropbox. Along with the recent investigation into alleged fixing of prices, Italy’s antitrust regulator has said, that separately examines how companies, including Apple, manage their business in the cloud services in the country. According […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

China’s Economy Grows For The First Time Since The Pandemic

In the second quarter of 2020, China’s economy grew after a historic downturn in the previous three months. This was reported by Interfax with reference to the State Statistical Office of China on Thursday, June 16. Thus, China’s GDP in April-June increased by 3.2% compared to the same period last year. The recovery was caused […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Trump canceled the trade negotiations with China through a pandemic COVID-19

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
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Milovanov stated that the new lockdown will be easier for the economy

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
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Megafon Company entered into a deal with Mail.ru

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
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Oracle is negotiating about buying TikTok

Newspaper Financial Times found that IT-Oracle Corporation wants to buy Chinese video service TikTok. About this edition with reference to sources wrote on August 18. Official information about negotiations in ByteDance (it owns TikTok), nor Oracle did not comment. According to sources of FT, the company also is negotiating with investors who own shares in […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Twitter will pay Turkey a fine in the amount of $ 51 thousand

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
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

CISOLAR 2019 submit new opportunities for developing solar energy in Central and Eastern Europe

On April, 16-18 in Kyiv will be held the main business event of region in solar energy field devoted to latest technology, trends and investments opportunities – CISOLAR 2019, 8th International Solar Energy Conference and Trade Show of Central and Eastern Europe. Today solar energy development is one of priority areas for investors in the […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

State Service of Ukraine on Medicinal Products withdrew a batch of Pfizer’s hormonal drugs

The “Genotropin” drug, series MO5229, is forbidden to realization, storage  and using according to the information received by The State Service of Ukraine on Medicinal Products from the regulatory body field of quality control of medicines in Denmark. The State Service of Ukraine on Medicinal Products published on its website the Order ?577-2.0.1 / 2.0 / […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

AMC instituted a proceeding against the “Ukrtatanafta”

The Antimonopoly Committee of Ukraine (ACU) instituted a proceeding against JSC “Ukrtatnafta” for submitting the committee with incomplete information. As the press service of the AMC said, the committee is investigating part of case instituted on the grounds of violations of the legislation on the Protection of Economic Competition by the companies  “Ukrtatnafta” JSC, “SPC-Galicia”, […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Ukraine under quarantine. How the economy of Ukraine will survive the coronavirus

The largest European countries are going to exit quarantine. On Monday, Germany, the Czech Republic, France, Poland, Norway and Denmark are lifting some of the quarantine restrictions imposed to combat the coronavirus epidemic. So, in Germany, it was allowed to open commercial space less than 800 square meters in size. Car dealers and bookstores were […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Ukrainian-Polish startup Homsters raised $ 600,000 on the bridge round and launched in Vietnam

The Homsters Company, which was founded by  Ukrainian and Polish, and is better known in our country as Prof.Estate, raised $ 600,000 from private investors for the launch of the company in Vientam under the  brand TimHome.vn. Homsters unites three projects: two marketplaces  on real estate (Homsters.kz Timhome.vn in Kazakhstan and TimHome.vn. in Vietnam) and […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Amazon has introduced the new payment system of the purchases

The company Amazon announced the launch of a new biometric technology Amazon One, allowing to customers to enter the store and pay for purchases by placing their palm on the scanner. However, users must first associate biometric information with the credit card. And then you can pay by placing the palm. This was reported by […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Odessa Oil-and-Fat Production Plant is going to be recognized a bankrupt

The Commercial Court of Odessa region initiated a bankruptcy proceeding of the Odessa oil-and-fat production Plant, one of the largest oil and fat enterprises of Ukraine. According to the information of the National Commission on Securities and Stock Market the application of instituting proceedings was filed  by Lenintal  Ltd. (Odessa region). The reason for initiation […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

SpaceX has postponed the launch of the 12th group of Starlink satellites

American company SpaceX Elon Musk moved on September 1 launch rocket Falcon 9 from 12 th group of satellites Starlink due to bad weather. The press service of the company announced on Sunday, August 30, on Twitter. “Today ‘s launch of Starlink is canceled before the flight due to difficult weather conditions. The next launch […]

Next
Concorde Capital accuses Kernel of corruption motives when buying the Creative factory
News

Agro Core: a new venture in agricultural business management system

Agro-industrial holding Astarta-Kyiv, the ultimate beneficiary of which is Viktor Ivanchyk and company Borsch Ventures headed by Yevgeny Utkin formed a common company under the name of Agro CORE , the main activity of which will be projects in the field of development of innovative systems which manage agricultural business. This information became known from […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com