December 01, 2007
Sale of 50% shares of Logistic Center Kalinovka”
Transaction on the sale of 50% shares of “Logistic Center Kalinovka” has been finished. “Logistic Center Kalinovka” is a part of ASNOVA Holding Company. Strategic partner of Holding in this project became British Investment fund “Raven Russia Ltd.” Nowadays net area of “Logistic Center Kalinovka” is 16 000 square meters. It is storage rooms, which were setting in operation. At the same time the enterprise have huge reserve potential for development. The purpose of joint project is construction of modern streamlined warehouse complex (“A” class). The total area of project is 100 000 square meters. Schedule time of construction is till December, 2009. IFC and other partners will give investments at the rate of $70m.
July 19, 2006
Selling of control packet of shares of “DC” trading network
Governance of ASNOVA Holding Company took a decision about selling of control packet of shares of “DC” trading network to the one of the largest international operator of perfumery and cosmetic market “A. S. Watson Group”. This company specializes in production and retail of cosmetic output for family and home. “DC” trading network is a leader on amount of belongings it retail shops of beauty and health in Ukraine. Therefore interest of international operator to the company of Holding was uncasual. “A. S. Watson Group” is among the largest world players in perfumery and cosmetic market and its circulation is more about $8.1bn a year. The company is presented in 33 countries (Asia and Europe). Total number of shops is 6 800. It is the leadership’s opinion that using of international investments not only promotes further expansion of “DC” trading network, but, also, it is mean higher level in its development.
June 16, 2006
ASNOVA Holding Company has gotten a credit of IFC
ASNOVA Holding Company has gotten the credit of International Financial Corporation (IFC) at the rate of $8 m. The company will direct these financial resources at further development of “Logistic Center Kalinovka” project. In the near future the territory of enterprise is had to transform in the largest complex of storage rooms, which can provide accordance of logistic services of the highest level. With the help of holding resources nowadays there are about 6 000 square meters of warehouse territory is built and set in operation in “Logistic Center Kalinovka”. At the beginning of 2007 company plans to set in operation the second line of the complex, which has the total area of 10 000 square meters.
February 20, 2003
SAVservice starts selling bond loan worth UAH10 million
SAVservice Ltd. is planning to issue 1,000 regular registered interest-bearing bonds with the par value of UAH10,000 for the circulation term of 1,096 days. The volume of the issue is UAH10 million. The raised funds will be sent to fill circulating funds and to buy assets for organization of financial leasing. Bonds will be sold March 1, 2003 through March 1, 2004. Maturity date is March 1-10, 2006. The interest will be paid monthly. The yield on the first three coupon periods is set as 19% of annual interest. The rate on the remaining coupon periods will be set at the level of the average weighted rate of the interbank crediting market – Kyiv Interbank Offer Rate (KIBOR).
February 12, 2003
Distributor-Center issues interest-bearing bonds worth UAH10 million
Distributor-Center Ltd. (DC trading network) is planning to issue interest-bearing bonds to the sum of UAH10 million. As the company reported in the press, it is about to issue 1,000 bonds in a non-documentary form to the nominal cost of UAH10,000 each. The initial sale of bonds will be held March 1, 2003 through March 1, 2004. Thirty-six coupon periods are provided. The yield is to be paid monthly. The total yield on the first three coupon periods will make 19% of annual interest. The interest rate on the 4 th -36 th coupons will be set as KIBOR (the average weighted rate of the interbank crediting market) with a 6% deviation either in plus or minus on the issuer's decision. The new rate will be made public in the press no later than five calendar days prior to the start of the new coupon period. The issuer obliges to buy out the bonds at their nominal cost in advance.
January 3, 2003
EBRD and Nadra Bank credit development of Komora-S Ltd. network storage services
The open-end Joint-Stock Commercial Nadra Bank gave Komora-S Ltd. a five-year credit of about $1 million to finish reconstruction and purchase of modern warehouse equipment within the EBRD's credit line for small and medium enterprises. The interest rate on the credit is LIBOR+8% (nearly 10% of yearly interest in USD). Komora-S is going to take part in the second competition of business projects conducted within the SME-2 credit line and to strive to win a reduction of the interest rate. The credit issued to Komora-S Ltd. is the thirtieth allotted within the EBRD's credit line for small and medium enterprises. The total sum of credits issued under this line makes $22 million (in 2002 – 21 credits to a total of $15 million).
October 24, 2002
Agio Bank credits SAVservice for $432,000 to purchase vehicles
Agio Bank set aside a $432,000 credit for SAVservice Company to buy motor transport to develop distribution. The credit is issued for 3.5 years. In 2001 the bank also credited the company for $479,000 for 4 years under the Second credit line of the European Bank for Reconstruction and Development (EBRD). This credit project finished the second in the competition for the best business project among small and medium enterprises conducted by the EBRD in March 2001.
