"Quiza Trade", is expanding the network of supermarkets "Great kishenya", refused to sell a minority stake, as has been negotiating since December 2008. Over 10-25% of the company planned to bail out the $ 20-30 million, "But we found a simple solution to replenish working capital and reduce debt loads, - told the principal owner of the" Retail Group (which owns "Quiza Trade") Roman Lunin .- Company there are always several possibilities to attract money. The sale of shares was not required. He said the company was able to manage its own resources - profit from operating activities.
Company "Quiza Trade" brings together 48 stores, "Great kishenya", 2 "Just market in Ukraine and 10 - in Moldova (total area - 206,1 thousand square meters. m). Net profit for the nine months of last year amounted to 51.7 million UAH (59,6%). The main owner is businessman Roman Lunin.
In Dragon Capital (financial adviser "Quiza Trade"), note that the package "Quiza Trade" were five potential candidates, among them - strategic investors and private equity funds. "But investors looked at the asset as a problematic and undercharge. And the company is not the situation in order to sell the share at any price", - said the director of investment banking unit SG Dragon Capital Andrew Brewer.
According to Mr. Brewer, in the past year the company undertook the restructuring of obligations to creditors in the short term. At the end of September 2009 its portfolio of long-term bank loans, according to the IG "Socrates", was about 414.4 million UAH, for short - about 39.5 million UAH. Current debt on long-term liabilities reached 742.6 million UAH. According to industry analysts, last summer the company was unable to pay the coupon on the bonds of Series C (in 250 million UAH) in the amount of 15 million grn. In the company did not comment on this information. "Now we are negotiating with creditors on long-term restructuring," - explained Andrew Brewer.
food retail - one of the sectors most affected in 2009. According to Goskomstat, the retail sales for the year decreased by 20.6% to 229.9 billion UAH. The fall in sales of "Great Kyshenya" in comparison with 2008 was only 13%, said the company. "The sharp decline in turnover occurred in the first half of 2009. In the second half of the market situation has changed for the better, which could not affect their operations," - said vice-president of investment banking division Renaissance Capital Ukraine, Sergei Alekseenko. This year"s "Great Kyshenya" expects to increase turnover by 20-25% compared to the Year 2009. "We intend to invest in the development of 20-30 million UAH, opening up 20 stores," - says Roman Lunin.
Gavrilyuk
Veroniac5ca
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