Ukrainian Confectioner Roshen To Invest EUR 100 Mln In Production Development

One of Ukraine’s largest confectioners Roshen will invest roughly EUR 100 mln in the development of its production capacities in 2007. According to the company’s Director Veychaslav Moslaevski, Roshen plans to boost sales by 34.6% yoy to USD 700 mln in 2007.  In July Roshen’s holding company Ukrprominvest announced plans to list shares of its companies, including Roshen, on foreign exchanges. No details were announced. The head of Ukrprominvest’s board said small stakes would be sold in order gauge the market value of the businesses. Last year Ukrprominvest placed 8% of the Lutsk Automobile Plant (LUAZ), one of Ukrprominvest’s companies, for $16m.  If Ukrporminvest goes forward with its plans Roshen would be the first listed Ukrainian confectioner.