Ukrainian President Petro Poroshenko has confirmed he plans to sell his businesses and to avoid speculation he will transfer his share in his largest business asset – Roshen confectionary corporation – under a trust agreement to Rotshild investment company which was previously hired to search for buyers.
“A trust agreement with Rotshild on the transfer of my stake in Roshen to the trust management is almost ready,” Poroshenko said in Kyiv on June 5.
He said Rotshild is actively looking for buyers who are conducting legal and financial due diligence of the assets.
Poroshenko said that there are obstacles to selling his assets in Russia as the country seized the property of his confectionary factory in Lipetsk.
