Konti Plans to Invest USD 100 mln in Development

In an interview with the weekly InvestGazeta, Economy & Finance Director Dmitry Kolesnik of Konti, the second largest confectioner in Ukraine with 10.6% of the market, said the company is planning to invest USD 100 mln into development in 2008-2009. Kolesnik said that about 70% of funds will be borrowed and 30% will come from internal sources. Konti is considering issuing Eurobonds and other debt instruments. He said Konti planned to increase its share of the Ukrainian market to 15% and to expand its presence in Russia to 5% (from 1.9% as of the end of 2006).