Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Other price sensitive information
Unique data record identifier
4426
Submission date and time
30.04.2014 10:08:56
Content of announcement in Estonian
Title
Informatsioon Ukraina tütarettevõtte müümise kohta
Message
Seoses jätkuvalt keerulise olukorraga Ukrainas ja Venemaal on Baltika üheks olulisemaks eesmärgiks Ida-Euroopa riskide vähendamine. Ettevõte kaalus Ukraina osas erinevaid stsenaariume ning otsustas muuta turul opereerimismudelit. Eesmärgiks oli leida Ukraina keerulist turgu tundev partner, kellele müüa tänane Ukraina jaeäri ning sõlmida pikaajaline frantsiisileping edasiseks tegutsemiseks. 29. aprillil 2014 sõlmis Baltika lepingu, millega Baltika Retail Ukraina Ltd (edaspidi BRU) aktsiad müüdi osaühingule Ellipse Group. Ettevõtte omanikuks on seni Baltika Ida-Euroopa nõunikuna tegutsenud Boriss Loifenfeld. BRU jätkab koostööd Baltika frantsiisipartnerina ning 29. aprillil sõlmiti koostööleping järgmiseks viieks aastaks. BRU varad ja kohustused müüdi BRU bilansilise väärtuse lähedal ning peale müügitehingut on Baltikal nõue BRU vastu summas 1,25 miljon eurot, mille tasumise osas on lepitud kokku viieaastane maksegraafik. Nõue on tagatud BRU varadele seatud kommertspandiga, aga selle nõude laekumine sõltub Ukraina majanduse arengust ja ettevõtte äritulemuste paranemisest. Esimeses kvartalis, enne müügitehingut, hindas Baltika seoses keerulise olukorraga Ukraina turul Ukraina ettevõtte varad täielikult alla (summas 1 095 tuhat eurot) ja Baltika jätab selle allahindluse BRU nõude allahindlusreserviks. Tulenevalt eeltoodust puudub müügitehingul oluline mõju Baltika bilansile ja kasumiaruandele. AS Baltika kinnitab, et tehing ei ole käsitletav tehinguna seotud isikuga ning AS Baltika juhatuse ja nõukogu liikmed ei ole tehingust muul viisil isiklikult huvitatud. 3. septembril 2013 asutatud ettevõtte Baltika Retail Ukraina Ltd 2013. aasta müügikäive oli 1 649 tuhat eurot ja puhaskasum 28 tuhat eurot. AS Baltika kinnitab, et Baltika Retail Ukraina Ltd vastu pole kohtu- ega vahekohtumenetlusi, mis võiksid oluliselt mõjutada nimetatud äriühingu majandustegevust. Maigi Pärnik Juhatuse liige [email protected]
Content of announcement in English
Title
Sale of Ukrainian subsidiary information
Message
Due to continuing complicated situation in Ukraine and Russia, reducing Eastern-European risks became a priority. Company considered different scenarios for Ukraine and decided to change its model of operation on the market. Management began looking for a partner with knowledge about the complicated Ukrainian market to whom the current Ukrainian retail business could be sold and with whom a long-term franchise agreement could be signed to continue operating. On 29 April 2014 Baltika signed an agreement by which Baltika Retail Ukraina Ltd (BRU) was sold to Osaühing Ellipse Group. The owner of the company is Boriss Loifenfeld, who was Baltika’s adviser in Eastern European matters. BRU will continue as Baltika’s franchise partner and cooperation agreement was signed on 29 April for the next five years. Baltika sold BRU’s assets and liabilities for a price that approximates BRU’s carrying amount and after the transaction Baltika has receivable from BRU of 1.25 million euros, for which five-year settlement schedule has been agreed. The receivable is secured with movables pledge on BRU assets but its collectability depends on the development of the Ukrainian economy and improvements in the entity’s operating results. In the first quarter, prior to sales transaction, Baltika revalued the Ukrainian assets completely down (in the amount of 1,095 thousand euros) and Baltika will keep this impairment as allowance reserve for BRU receivable. Due to the aforementioned the transaction has no significant impact on Baltika’s balance and income statement. As Baltika confirms that the above-mentioned transaction does not constitute a transaction with a related party and the members of the Supervisory and Management Boards of AS Baltika do not have any other personal interest in the transaction. Baltika Retail Ukraina Ltd that was established on 3rd September 2013 net sales in 2013 were 1,649 thousand euros and net profit 28 thousand euros. AS Baltika confirms BRU has no court or arbitration proceedings which may have a significant effect on the business activity. Maigi Pärnik Member of the Management Board [email protected]