Poroshenko Will End Up Selling His Business after the Inauguration

2014/05/26 • News

11:39

 

The presidential candidate confirmed his intentions to keep his promise.

Member of the Parliament Petro Poroshenko, who, according to the preliminary data of the CEC, is winning the presidential elections, will keep his promise regarding the sale of his assets after the inauguration.

“As to my business, already after this, a contract with an investment company will be drawn up, regarding the search for buyers,” he stated.

We remind you that during his tenure as Head of the National Security and Defence Council in March of 2005, Poroshenko transferred his business assets in OJSC “Closed Non-Diversified Corporate Investment fund of Petro Poroshenko,” later renamed “Prime Assets Capital.”

Among Poroshenko’s biggest assets are confectionary corporation Roshen with account in Ukraine, Russia, Lithuania, Hungary and Germany, TV channel “Channel 5,” the Kyiv Shipbuilding Plant “Leninska Kuznia” with significant land lots in the capital and the “Sevastopol Sea Factory,” 55% in the sports club “5 Element” in Kyiv, 50,08% of the International Investment Bank, 49,996% of insurance company “Krayina.”

According to “Ukrderzhreyestr,” the politician remains the sole owner of the fund headed by his father Olexiy Poroshenko.

Besides, Poroshenko has a percentage in the auto corporation “Bohdan,” however, he has already stated numerous times that he had withdrawn from this business several years ago, having exchanged his assets for a percentage in Roshen.

We remind you that at the beginning of 2013, “Forbes” magazine has evaluated Poroshenko’s net worth at $1,6bn, however since then the majority of Ukrainian assets have fallen in price due to the situation in the country.

We note that according to the results of processing more than half of the ballots, Poroshenko has 53.86% of the votes.

Source: TSN

Translated by Mariya Shcherbinina

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