PIVDENNYI Bank acted as the financial partner of the largest transaction on acquisition of six sugar plants in the Ternopil region, which Pfeifer & Langen concluded in late 2016. Previously, these plants belonged to T-Sakhar Holding and its composition included Borshchevskyi, Buchatskyi, Zbarazhskyi, Kazovskyi, Lanovetskyi and Khorovskyi sugar plants in the Ternopil region as well as Horodenko plant in the Ivano-Frankivsk region, according to Finance.UA materials.
«The choice of the financial partner of the transaction on acquisition of new assets was evident for us – we cooperate with PIVDENNY Bank for more than 10 years and totally trust it. During the time of crisis for industry players, PIVDENNY Bank found an optimal solution for supporting business – the production facilities of sugar plants will be transferred to the industry specific investor», said Vitali Sikorskyi, CEO of «Radekhovskyi Sugar» – the company, owned by Pfeifer & Langen since 2010.
Maksym Tsymbal, Deputy Chairman of the Management Board of the Bank: «The support of development of internal production, investment potential of our country was and remains the priority for PIVDENNYI Bank».
PIVDENNYI Bank started its operating activities in 1993. Today, the Bank ranks among top five of the first group of Ukrainian banks, the shares of which exceed 0.5% of assets of the banking system. Currently, the regional network of the Bank consists of more than 120 branches all over Ukraine. More than 2,300 people work in the Bank’s system. The main shareholders of the Bank are Yuri Rodin, Mark Bekker and Alla Vanetsiants.
Pfeifer & Langen is the family company, founded in 1870 in Germany, in Cologne, by entrepreneurs Valentin Pfeifer and Eugene Langen. For the last decades, Pfeifer & Langen strengthened its positions on the European sugar market through acquisition of additional production facilities and introduction of new production methods.
Pfeifer & Langen owns five sugar plants in Germany, shares in companies in Poland, Romania, Italia, Hungary, Slovenia and the Czech Republic. Today, this one of the most important sugar producers in Germany offers a wide range of high quality products under Kölner Zucker and Diamant trademarks.
