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The crisis is not overcome by merging

Oct 19th, 2009 | By admin | Category: Main News

On the Ukrainian market of mergers and acquisitions (MA) abuzz with activity. On Friday it became known on the purchase of a British investment fund Richmond Investments Factory weighting. In addition, IR Stal-Invest acquires Sverdlovsk sewing factory. Enterprises combines the low price in the absence of credit obligations and stable profits. In the investment company said that the market appeared stable demand is for such assets.

British investment fund Richmond Investments Ltd buys 50% stake Plant weighting - on Friday approved a deal Antimonopoly Committee (AMC). The shares were purchased from a number of individuals, whose names were not disclosed. Do not disclose the company and the amount of the transaction, but the source of the stock market, familiar with the negotiations, said that it amounted to about $ 12 million

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comment Richmond Investments failed - her contacts there in the public domain. However, the Ukrainian IR aware of the interest fund to the Ukrainian assets. Company representatives were on the Ukrainian Investment Summit Adam Smith Conferences in London this year, - said the head of the major Ukrainian IR on condition of anonymity. According to AMC, Richmond Investments owns shares in companies that specialize in maritime transport, retail trade, and fertilizers.

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weighting - isnot a large asset. According to the State Commission on Securities and Stock Market (SCSSM), last year he finished with a net profit of 828 thousand UAH, revenues were $ 13.1 million UAH. At the same time the receivables exceeds the enterprise accounts. The plant produces finely granular materials used in oil and gas industry and metallurgy for the production of molding, bar mixes and anti-penetration. If the plant will resume its exports to the Middle East and Southeast Asia, its sales could reach $ 8.12 million - the analyst believes Russia IR BrokerCreditService Maxim Shein .- So much earn a similar venture in Russia.

A managing director Tomas Fiala, Dragon Capital said that since early September on the market again began to increase the number of deals M A. Companies are gradually returning to the acquisition of new assets, but at the same time choose ones that have a low price, stable earnings and the minimum payable. At such assets appeared stable demand in the market, - he said.

On Friday, AMC has announced a similar deal: IR Stal-Invest businessman Vladimir Komissarenko buys from the State Property Fund 93.27% of OAO Sverdlovsk Sewing Factory for 4.5 million UAH. According SSMSC, in I half of the company increased revenue by 23,2%, to 2.42 million UAH, while its net profit amounted to 43 thousand UAH. Accounts receivable from JSC exceeds the accounts, the company operates at a profit over five years. About 66% of the production plant exports.

Concorde Capital General Director Igor Mazepa adds that the criterion used for the purchase of companies by portfolio investors was their belonging to one of the key sectors, generating a steady income - metallurgy, chemistry, mechanical engineering. We come first financial indicators: there is profit or not and how long the company profitable, - he says. According to Mr. Mazepa, buying profitable companies will continue at least until the end of the year. It is unlikely the market will be a transaction price more than $ 20 million

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