Oleksandr Yaroslavsky Forms International Consortium to Acquire Odesa Port Plant and Intends to Invite Rothschild&Co Bank to be Consultant

KIEV, Ukraine, Dec. 14, 2016 /PRNewswire/ -- The well-known Ukrainian businessman Oleksandr Yaroslavsky has started forming an international consortium in order to acquire Odesa Port Plant PSC (OPP).

Despite the fact that the tender of selling OPP block of shares set for December 14 did not take place, DCH Group, belonging to Oleksandr Yaroslavsky, confirms that they are interested in acquiring the asset. They consider an international consortium to be the best legal and institutional form for doing this.

Currently we are negotiating with other businesses interested, large foreign banks among them. Namely, we intend to invite Rothschild&Co Bank to be our consultant when forming an international consortium in order to acquire OPP; we are negotiating the Bank's role of a consultant.

It is known that OPP privatization tender was to have been held on December 14, the starting price being 5.16 bln. UAH. However, it did not take place as none of the bidders submitted their application on time. On December 6, DCH Group issued a statement explaining why they had withdrawn from the tender, some of the reasons being the growing volume of OPP's accounts payable, the enterprise's examination warranted by the Antimonopoly Committee of Ukraine as well as active enforcement proceedings. At the same time DCH confirmed that they were interested in acquisition of OPP.

Oleksandr Yaroslavsky is one of the most successful and best-known Ukrainian businessmen (№ 8 in the Wealthiest Ukrainians Rating by the Ukrainian edition of Forbes 2016). He is the founder and owner of one of the country's key business groups which has a 20-year-long history: before 2007 – "Ukrsib", since 2007 – DCH. The group incorporates companies of such sectors of economy as finance, industry, development, transportation, etc. In 2005-2012, Mr. Yaroslavsky was president of Metalist Football Club (under his leadership the club was a multiple prizewinner of the national championship and played in the League of Europe), he is president of Olymp Rugby Club (the twelve-time winner of the Ukrainian championship). He was the general investor of Kharkiv preparation for Euro-2012: Oleksandr Yaroslavsky's social investment in preparing Kharkiv to the tournament amounted to over $300 million in total.

SOURCE DCH

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