bigmir.net
Shareholders in Mariupol Roshen confectionery, part of Ukraine's largest confectionery producer Roshen Corporation, decided at a general meeting on March 20 to sell the Mariupol-based assets.
Offered for sale will be a confectionery factory facility, a plot of land where it is located, non-residential buildings, and other property, according to a company announcement in the National Securities and Stock Market Commission's information disclosure system.
The maximum value of the deal is estimated at UAH 65 million, or US$ 23 million. According to the latest annual financial statements of the enterprise, the Mariupol factory's assets were estimated at UAH 59.5 million, or $2.2 million.
Read alsoRoshen to halt factory in Russia's Lipetsk – mediaAs UNIAN reported, in late April 2015, the shareholders at a general meeting unanimously adopted a voluntary decision to terminate Mariupol Roshen confectionary factory's operation through liquidation.
In 2015, the Mariupol factory posted UAH 4.8 million in net profit, which was 83.6% down from 2014.
Roshen Corporation is one of the largest Ukrainian confectionery manufacturers, producing 450,000 tonnes of confectionery per year.
Roshen includes one factory in Kyiv, two production sites in Vinnitsa, one factory in Kremenchuk (Ukraine), two production sites at Lipetsk confectionery factory (Russia), Klaipeda confectionery factory (Lithuania), Bonbonetti Choco Kft (Budapest, Hungary), as well as Bershadmoloko butter and milk factory, which provides the corporation's factories with raw milk.