 |
 |
 |
|
 |
|
 |
|
 |
|
 |
 |
 |
|
|
|
|
 |
|
|
|
|
|||||
|
||||||||||
|
Newsroom / Press Releases Dragon Capital to Advise Former Majority Shareholders of Former Allseeds Group June 17, 2010 Kyiv, 17 June 2010 – The former majority shareholders of Corolex (formerly known as Allseeds Group), who agreed to sell their 56.4% stake to entities affiliated with Kernel Holding S.A. in January 2010, have encountered a number of issues which have not been resolved with the buyer yet and, thus, prevent full completion of the transaction. Therefore, the former majority shareholders have appointed Dragon Capital as their financial adviser to ensure the due implementation of their contractual rights. Allseeds Group has since thenbeen renamed into Corolex; neither Corolex nor its new controlling shareholder are affiliated with a company that has recently started to trade in vegetable oil under the name “Allseeds.”
As previously reported, Dragon Corporate Finance (B.V.I) Ltd. has been appointed as a financial advisor to the shareholders who own 6% of the Corolex shares, and has previously acted as exclusive adviser to the sellers of a 37.6% stake in Allseeds Group, which sale was successfully completed in February 2010.
About Dragon Capital
Dragon Capital is Ukraine's largest investment bank offering a full range of securities brokerage, investment banking, private equity and assetmanagement services to institutional, corporate and private clients. Established in 2000, the company is an independent partnership controlled by management, with a minority stake held by Goldman Sachs. Dragon Capital is also a leading broker on the Ukrainian stock market accounting for approximately a third of reported transactions. The firm has completed 25 IPOs and private placements for Ukrainian companies since 2005, raising $2.0bn. Dragon’s asset management arm has approximately $0.6bn under management. Financial magazine Euromoney recognized Dragon Capital as the Best Equity House in Ukraine in 2002 and 2004-2008. Thomson Reuters Extel and Institutional Investor surveys have recognized Dragon Capital analysts as a leading Ukrainian equity research team in 2007-2009. Financial publication emeafinance named Dragon Capital the Best Broker in Ukraine in 2010.
About Allseeds Group
Prior to the sale, Allseeds Group was one of the world leading producers and exporters of vegetable oil. In 2007 Allseeds held 10 % of sunflower-seed oil’s world trade and 17% of crude sunflower oil imports into the European Union. The company was the third largest producer of crude sunflower oil in Ukraine with a 25-27% market share of sunflower oil exports from Ukraine.
Allseeds Group (now trading as “Corolex”) operated two sunflower seed crushing facilities with 565 kt/year capacity in Kirovograd and Mykolayiv regions. It also owned16 grain storage facilities with 600 kt/year capacity; 11 seed purchasing stations, a sunflower oil transshipment terminal in Mykolayiv with 1.0 Mt throughput capacity and a truck fleet.
– Ends –
For further information, please contact:
Dragon Capital
Brian Best, Managing Director, Head of Investment Banking
Aliona Osmolovska, Director of Marketing and Communications
Tel.: +380 44 490 7120
E-mail: pr@dragon-capital.com
|
|
|
|||||||
|
||||||||||
|
||||||||||
|
2008 © Dragon Capital | |
Terms and Conditions
Contacts
Site Map
|
|
created by 4-promo | |
||||
