Media: Poroshenko disrupted the sale of the Ukrainian “daughter” of Sberbank of Russia because of his Lipetsk factory
The deal to sell the Ukrainian structures of Sberbank of Russia fell through at the last moment, as the Ukrainian side tried to make it part of the deal to sell the Lipetsk Confectionery Factory (LKF) to the Roshen holding.
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The Russian newspaper Kommersant reports this with reference to two sources.
According to one of the publication’s sources, “negotiations intensified in December after ICU Managing Director Makar Pasenyuk and businessman Igor Voronov joined them from the Ukrainian side.” According to the publication, the ICU investment group is Roshen’s consultant on the purchase and sale of assets.
With reference to the source, it is indicated that at the end of January Makar Pasenyuk proposed to make part of the agreement “a conceptual agreement that would also include the sale of the Lipetsk factory Roshen.”
The deal for the sale of Ukrainian Sberbank, according to sources in the Kommersant publication, was “blocked at the presidential level.”
“Initially, $680 million was proposed, but after the announced cost of the LKF of $250 million, with the real value not exceeding $120-140 million, the negotiations lost all meaning for the Russian side,” noted one of the sources. The result, according to the source, was Roshen’s announcement on January 20 that it would stop production of LKF and plans to mothball the facilities from April.
Sberbank, as noted, declined to comment.
“The collapse of the LCF agreement played the role of a catalyst for the Ukrainian authorities to introduce sanctions against Russian state-owned banks,” says Kommersant’s source in the government.
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