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Germany's Henkell & Sohnlein Sektkellereien KG To Increase Its Shares In Kyiv Champagne Factory To 100% And Buy Factory In Crimea (12:19, Wednesday, May 7, 2008)

Henkell & Sohnlein Sektkellereien KG (Germany) intends to increase its shares in Kyiv's Stolychnyi champagne wines factory to 100% and buy a factory in the Crimea.

The Kyiv factory's Executive Director Oleksandr Matsko announced this in an interview published in the Delo newspaper.

According to Matsko, he presently does not own shares in the factory and that Henkell & Sohnlein Sektkellereien KG owns 76% of the factory's shares while the factory's employees own 24%.

"However, it is known that the Germans are planning to buy this stake to bring their shares to 100%," Matsko said.

Matsko said that a supervisory board including two representatives of Henkell & Sohnlein Sektkellereien KG was created while the company's representative Erlfried Baatz was appointed as the general director of the factory at a meeting of the factory's shareholders that was held in late 2007 after ownership of shares in the factory changed.

Regarding the possibility of Henkell & Sohnlein Sektkellereien KG acquiring other Ukrainian enterprises, Matsko said that the company was presently holding talks on purchase of a factory in the Crimea but added that details of these talks had not yet been disclosed.

Matsko also said that Henkell & Sohnlein Sektkellereien KG was also interested in new production facilities in Ukraine, in addition to these enterprises.

As Ukrainian News earlier reported, Henkell & Sohnlein Sektkellereien KG increased its shares in Kyiv's Stolychnyi champagne wines factory to 76% in late 2007.

Kyiv's Stolychnyi champagne wines factory maintained production of champagne at the 2006 level of 1.2 million decaliters (16 million bottles) in 2007.



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