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Pakko Holding bidders to submit proposals for 60-75% stake by end-June

Pakko Holding bidders to submit proposals for 60-75% stake by end-June

19 June 2009

Pakko Holding General Director Rudolf Kraynyak told Interfax yesterday that his company expects negotiations with two potential buyers of a 60-75% stake to outline proposals by the end of the month. According to Kraynyak, the company expects to receive no less than USD 12-15 mln from the transaction. Kraynyak also said Pakko expects to maintain its retail turnover in 2009 at the same level as last year – UAH 1.2 bln.

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