12:38 12.05.2015

Roshen stale at discussion of primary interest of potential buyers – seller's advisor

2 min read
Roshen stale at discussion of primary interest of potential buyers – seller's advisor

The potential buyers of the Roshen confectionary corporation have not sent preliminary or final price offers, Managing Director of ICU Investment Group Makar Paseniuk has said.

ICU Investment Group acts as an advisor to the seller.

"Today the seller of Roshen did not receive any – preliminary and final – offers for the whole business via authorized advisors… We don’t know who and how much is ready to pay," he said.

"We're still discussing the preliminary interest of some potential buyers," Paseniuk said.

He said that price expectations of both the seller and potential buyers depend on the prospects of the financial indicators of Roshen, which is defined by market, macroeconomic, and political factors.

He separated the Russian business of Roshen.

"The active phase of negotiations on the sale of Roshen business in Russia reached a stalemate after the arrest of assets of our client in Russia," he said.

Previously, the Bloomberg agency published a report in which an investment banker familiar with the sale said that the only party interested in Roshen is Nestle SA, which isn’t prepared to pay more than $1 billion. The key owner of the corporation – Ukrainian President Petro Poroshenko – has valued it at around $3 billion.

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