12:51 09.12.2015

Dragon Capital becomes co-founder of Ukrainian Retail Association

2 min read
Dragon Capital becomes co-founder of Ukrainian Retail Association

Dragon Capital investment company (Kyiv) has become a co-founder of the Ukrainian Retail Association, the company said in a press release on Tuesday.

The initial founders of the Association will remain co-founders and will carry out the operational management of the company with the participation of Dragon Capital. Commercial terms of the transaction are not disclosed.

"It is not a commercial transaction for us. Our decision is driven by desire to support development of the retail market in Ukraine, attract foreign investments to the country and create competition, which is, we believe, will be favorable for everyone," Managing Director of Dragon Capital Volodymyr Tymochko said.

The co-founder of the Ukrainian Retail Association Oleksandr Fialka said that in partnership with Dragon Capital the association plans to create a training school for retailers and develop a specialized media, continue with formation of the analytical framework to provide high-quality market forecasts to foreign investors, as well as help retailers protect their interests and work with government agencies and potential investors.

"Support of such an experienced player in the field of private equity and financial services will help to build a quality framework for of the whole retail market in Ukraine", he said.

The Ukrainian Retail Association was established in April 2013 to promote the development of retail business, affect the lease market, organize cooperation, protect the interests of its members in the eyes of government as well as education of market players through the debates, seminars, conferences, etc. Now the members of the Association in Ukraine count more than 60 brands and about 200-250 representatives of the brands are involved in the activities of the Association.

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