Legal procedure for transferring Poroshenko's shares in Roshen to trust completed

14:47, 08.04.2016 1 min read

Shares belonged to Ukrainian President Petro Poroshenko in Central-European Confectionary Company LLC, which belonged to Prime Assets Capital investment fund since 2007, has been transferred to a new foreign structure as part of the agreement on a blind trust signed with Rothschild Trust, Poroshenko's advisors said in a statement on Friday.

On April 4, 2016, the advisors made a statement on the transfer of the asset to a new foreign structure, which completed the legal share transfer procedure in Ukraine, the advisors said.

According to the state register of companies, Dutch Roshen Europe B.V. is among shareholders in Central-European Confectionary Company LLC with 85%.

Roshen Corporation President Viacheslav Moskalevsky holds 13% in the company via Konditerinvest investment fund and four managers hold 0.5% each.

The trust agreement was signed on January 14, 2016.