The main purpose of creating international holding company was just selling Roshen, said at a law firm Avellum which conducts the Affairs of the Corporation. Without creating a structure to consider some ways to sell Roshen, in particular an initial public offering (IPO), it was impossible, said in an official statement published on the website of the law firm in response to the investigation of the program «Classtwo.Nfo» on documents Paradise Papers.
«We emphasize that the international holding structure, developed for the implementation of the sale of Roshen Corporation, was to ensure the avoidance of double taxation, that all taxes are fully paid in Ukraine, not abroad. In the case of the sale of Roshen Corporation all funds would be transferred to the final owner in Ukraine, have declared and would be paid all taxes. Just like today all taxes Roshen Corporation is paying and will continue to pay in Ukraine», – said the lawyer.
The company added that so as to sell the Corporation was impossible «due to the commercial circumstances, it was decided to transfer to the Corporation in a blind trust, in accordance with international standards».
Roshen confectionery Corporation was created by President of Ukraine Petro Poroshenko in 1996. It is composed of two confectionery factory in Vinnitsa, factories in Kyiv, Kremenchuk and Russian Lipetsk (20 January 2017, it became known that the Corporation halts production in Lipetsk. In June 2017, Roshen completed the preservation of the factory in this city), the Klaipeda confectionery factory in Lithuania, Hungarian company Bonbonetti Choco Kft, and maslomolochny plant», Bershadmoloko» (Vinnitsa region).
During the election campaign in 2014, Poroshenko promised to sell the company if he becomes President. After winning the election for the sale of Roshen company was invited Rothschild. However, just to make a deal and failed. Poroshenko explained that this is due to the beginning of hostilities in the East of Ukraine. According to the President, assets Roshen him are not controlled, they are managed by a blind trust. Blind trust to manage owned by the President of Ukraine Petro Poroshenko, the Roshen company was really created and controls the group, owned by the Rothschild family is a European dynasty of bankers. Such a journalistic investigation published in late October, the TV channel «112 Ukraine».
International holding company was established for the sale of Roshen and made possible its transmission in a blind trust – the company’s lawyers 06.11.2017