Makfa buys Ukrainian bread-baking complex
Federal Antimonopoly Service of the Russian Federation finally approved the acquisition of the Ukrainian ‘Kalachansky Bread-Baking Complex’ by the Russian citizen Valery Yurevitch, who happens to be the main owner of the Russian pasta producer ‘Makfa’, as well as the father of the Governor of Chelyabinsk.
The acquisition deal between the businesses was signed in July 2012, but came into effect only after the FAS approval. As of present, Mr. Yurevitch owns 76.3% shares of the public company.
United Grain Company Attracts Buyers Interest While Talks About Privatization Emerge
Russian government had just recently started talks about possible privatization of the state owned grain trade, and already France’s Louis Dreyfus, Russian investment group Summa and four other Russian firms may vie for a large stake in the company, government-owned United Grain Co. (UGC), two sources familiar with the matter told Reuters on Tuesday.
For Dreyfus, winning the stake in UGC would sharpen its competitive edge among the world’s top grain traders, while Summa would vault into a hugely influential position as Russia is poised to become the world’s second-largest wheat exporter this year, recovering from 2010’s drought.
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10th Annual Russian Securities Forum
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