Wednesday 2 July 2014

Ukraine Unrest Halts IPO Plans for Nation’s Biggest Farm Company - Bloomberg

Ukraine Unrest Halts IPO Plans for Nation’s Biggest Farm Company - Bloomberg:



"Political violence in Ukraine forced Oleg Bakhmatyuk to postpone plans for the initial public offering of UkrLandFarming Plc, the country’s biggest agricultural company.



“Not a single investor will invest in Ukraine now,” Bakhmatyuk, the company’s chief executive officer, said by phone from Kiev yesterday. “An IPO entails confidence in the territory; there is no such confidence.”



Bakhmatyuk had planned to sell shares in both Hong Kong and London, he said. There’s a chance an IPO may happen by the end of 2015, potentially in either location, if the situation in Ukraine improves this year, he said. Bakhmatyuk plans to sell between 20 and 25 percent of UkrLandFarming."



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