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Newsroom / Press Releases Dragon Capital Completes Ukraine’s Largest IPO KYIV, UKRAINE, December 23, 2005 – The Kyiv-based investment bank Dragon Capital has raised USD 27.5 mil. for one of Ukraine’s largest retail chains, Velyka Kyshenya, placing a 10% stake in the company. The sale of shares in the newly listed open joint stock company Retail Group, which operates Velyka Kyshenya supermarkets, was held on the PFTS, Ukraine’s principal stock trading platform, thus making the transaction the largest Ukrainian IPO to date. The new Velyka Kyshenya shareholders include investment funds run by Julius Baer, DWS and East Capital. The Velyka Kyshenya offering was more than three times oversubscribed, highlighting Western investors’ growing interest towards Ukrainian assets, particularly retail and consumer sectors. Velyka Kyshenya, currently Ukraine’s largest retail chain with 2005E gross sales of USD 270 mil., will use the placement proceeds to continue its regional expansion. The company operates 22 supermarkets and plans to launch another 15 in 2006 and 20 more in 2007. The chain plans an IPO on the London Stock Exchange in 2007. ABOUT DRAGON CAPITAL Dragon Capital was established in April 2000 in Kyiv as an independent investment bank dedicated to helping Western portfolio and strategic investors succeed in the challenging business environment of Ukraine's capital markets. Since then, Dragon Capital has grown into a leading Ukrainian investment house providing the full range of brokerage and corporate finance services to portfolio and strategic investors in Ukraine and the CEE region. Financial magazine Euromoney recognized Dragon Capital as the Best Equities House in Ukraine in 2002, 2004, and 2005. |
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