16:24 19.02.2018

Ukrlandfarming owner Bakhmatiuk plans to attract investor to company after debt restructuring

1 min read
Ukrlandfarming owner Bakhmatiuk plans to attract investor to company after debt restructuring

The owner of the Ukrlandfarming agricultural holding, Oleh Bakhmatiuk, hopes for a successful completion of negotiations on debt restructuring, plans to attract an investor to the company after their completion, he has said in an interview with Interfax-Ukraine.

"I am confident that as soon as I achieve restructuring, I will attract investors. If I were not sure in this, I would not be doing this most of my time," the businessman said.

He noted that the negotiations on restructuring did not stop, but did not specify details, referring to legal restrictions.

"There are more constructive proposals in these negotiations than in the territory of Ukraine," Bakhmatiuk, who had been unsuccessfully trying to negotiate with the National Bank of Ukraine and the Individuals' Deposit Guarantee Fund on restructuring the debts of his VAB Bank and Bank Financial Initiative for several years, said.

"To attract an investor to Ukrlandfarming, this issue should be 60%, 70% (it is not important) resolved with the National Bank and the fund," he said.

The owner of Ukrlandfarming also did not comment on the current level of quotations of the company's eurobonds and its egg producing sub-holding Avangard.

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