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Ukraine’s president prepares to sell assets via Rothschild-report

August 22, 2014, 12:43 UTC+3 KIEV

His main asset is confectionery Roshen, one of the world’s top-20 largest

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KIEV, August 22. /ITAR-TASS/. Ukraine’s President Petro Poroshenko has started preparations for selling assets and he has chosen investment company Rothschild as agent for sales, the company’s Managing Director Giovanni Salvetti told Friday to local correspondents of radio station Radio Svoboda.

“We’ve received good news today and we are glad that we have been chosen for this important transaction. Our company is one of the leading world advisors on merger and acquisition agreements,” Salvetti told RFE/FL’s Ukrainian Service.

The company will begin selling Poroshenko’s assets next week, he said.

Ukraine’s “chocolate king” Poroshenko is the country’s seventh richest person, according to Forbes. As of June 1, 2014, the magazine estimated his wealth at $1.3 billion.

Poroshenko said he would sell his business after he had been elected Ukraine’s president in May 2014. “We need to embed a new tradition: when a person is elected to the highest post, he should make a bold step and sell his business and focus entirely on work,” he said.

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