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The agreement of 25% of Euro Leasing purchase is finished

The shareholders of Euro Leasing and investment funds Euroventures Ukraine Fund II and The Ukraine Opportunity Trust Plc. finished the agreement of 25% of Euro Leasing purchase. On May this year the company has already announced about the course of negotiations.

The share of Euroventures Ukraine Fund II is 15.4% that equals to USD 6.2 million, and the share of The Ukraine Opportunity Trust Plc. (UKRO) is 9.6%, that is USD 3.8 million.

The date of the first investment tranche is September 2008. The reason for involvement of new investors is the further growth of the company’s transport lease portfolio due to increase of capital and attraction of international financial institutions for Euro Leasing financing.

Insuring the reputation of a leader, Euro Leasing offers new unique leasing products for small and middle businesses in September this year. These products are to facilitate the access to financing the passenger cars and commercial transport purchase.  

This agreement will figure in Ukrainian leasing industry as the first agreement about entering the international minority investor into this sphere of business.

For reference:

The manger of EVU II is Euroventures Ukraine, that manages two funds and is a consultant of UKRO fund. The volume of assets is more than USD 160 million. In Ukraine Euroventures Ukraine has already invested in such companies as “Furshet” – supermarkets chain, mineral water producer under brand “Myrgorodska” and other.

The manager of UKRO fund is British asset management company Fabien Pictet & Partners (FPP), specialized in developing markets. UKRO fund is the first investment fund that entered the 1 Tier of London Stock Exchange List. FPP manages 8 investment funds with the assets equaled to more than USD 690 million. The investors of UKRO are GLG (one of the biggest investment funds, Great Britain), and Merrill Lynch through BlackRock и Vontobel.

Euro Leasing is a national leader of transport leasing market, operates in the format of transport financial supermarket and provides the services of financial and operative leasing of the passenger cars, commercial cars, trucks and specialized transport. The company was established in 2003; it is a member of Atoll Holding Group, which also includes Eurocar CJSC (official manufacturer of VW Group cars), Eurocar LLC (import of Skoda cars), Formula Motor Ukraine CJSC (import of Seat cars), Vipcar (import of Bentley cars), Budget Ukraine, Auto Finance and other.

Euro Leasing Ltd.
03035, Kyiv, 3 Surikova str.
tel./fax: + 38 044 490-10-87       
www.lease.com.ua