Poroshenko Hands Over Roshen Share to Rothschilds Under Trust Deal

‘Ukrainian President Petro Poroshenko confirmed on Friday his decision to sell his businesses and transfer his stake in the Roshen confectionary corporation under a trust agreement to Rothschild Investment Company.

“I signed a deal with the world-famous and the world’s best Rothschild Company, which is now looking for buyers. Three such potential buyers have already stepped forward and are analyzing the company’s legal status and financial performance,” Poroshenko said during a news briefing devoted to his annual address to parliament.

“The transfer will be done so that my name is not mentioned among Roshen’s owners,” Poroshenko added.’

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