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Dragon Capital becomes majority owner of Ukrainian Retail Association
KYIV. Aug 26 (Interfax-Ukraine) – The investment company Dragon Capital has increased its share in the Retail Association of Ukraine (RAU) and become its sole majority owner.
According to the association, Oleksandr Fialka and Oleh Kruchynin resigned from its owners, while Andriy Zhuk remained among them and continues to hold the post of Chairman of the RAU Board.
"We are convinced that the Ukrainian retail market will develop rapidly, and we are very pleased with the opportunity to increase our investment in the leading association of the industry. Together with the RAU team, we plan to further enhance the association’s activity in the market: by developing new services for RAU members, lobbying interests of the industry in government bodies and holding even more striking and large-scale events following the example of the leading neighboring markets of Turkey and Poland," Dragon Capital Managing Director Volodymyr Tymochko was quoted in the report as saying.
The Retail Association of Ukraine was established in April 2013. Its co-founders were Fialka, Kruchynin and Zhuk. In December 2015, Dragon Capital acquired a majority stake in the association.
More than 70 Ukrainian and international brands are among the members of the association, and more than 30 companies, representatives of the B2B sphere and development are among its partners.
Dragon Capital is one of the largest investment groups in Ukraine in the field of investment and financial services, providing a full range of investment banking and brokerage services, direct investments, asset management for institutional, corporate and private clients. The company was established in Kyiv in 2000. One of the key activities of Dragon Capital is investment in the real estate market.
