Press-release
20.05.04
Concern "Kalina" buys a share in OOO "KIT-Capital"
On may 20, 2004 OJSC Concern "Kalina" announced of acquisition of share in the amount of 12.17% of OOO "KIT-Capital". OJSC Concern "Kalina" gives its subsidiary "Torzhok" (Ukraine) as payment on account of share in the Company.
"This transaction - actual selling of subsidiary "Torzhok" and acquisition of share in OOO "Kit-Capital" - is continuation of our actions on selling our secondary assets of the Concern. To our estimates new assets are more liquid, Alexander Petrov, director of economics and finance of Concern "Kalina", informs.
Information about the Company.
Concern "Kalina" is one of the leaders on the Russian perfumery and cosmetics market. Basic brands of the Company are: "Black Pearl", "Clean Line", and "MIA" in skin care products; "32" and "Forest Balsam" in mouth care products; "Angelika Varum" in perfumery products. The Concern also includes a parent enterprise in Yekaterinburg and a plant in Omsk, as well as subsidiaries "Pallada Vostok" (Uzbekistan), "Pallada-Ukraine", "Novoplast" (Yekaterinburg), as well as OJSC "Lola atir Upa" (Uzbekistan) and Kalina Overseas Holding B.V. (Netherlands)
ÎÎÎ "Kit-Capital" is a Russian developing company dealing with projects of construction and maintenance of different objects including commercial and entertainment centers.
You can receive additional information from
Sergey Kazantsev, press-secretary of OJSC Concern "Kalina", tel./fax: +7 343 365-83-06, e-mail: pressa@kalina.org
Katerina Novikova, "Mikhailov & Partners" Agency. Management of strategic communications", tel. +7 095 956-39-72, e-mail: katerina@m-p.ru
Statements on development prospects of the company. Certain information of the present press-release may contain forecasts or any other statements on the development prospects or future financial indices of the JSC concern 'Kalina". You should bear in mind that these statements do not guarantee attaining the stated results or occurrence of any forecast events of company's performance. They include risks, uncertainty and assumptions which the company can not exactly forecast. Correspondingly, actual indices and results of company's operation may considerably differ from the stated data or forecasts shown in the statements on the development prospects of the company. The company does not intend to make any changes in the indicated statements in order to bring them into accord with actual results.
Not for distribution in the USA.
The present press-release is not an offering circular in the USA. Securities cannot be offered for sale or be sold in the USA without registration in the US Committee on Securities and Exchanges or according to the exceptions to the registering rules.
Present announcement is for distributing exclusively among persons who may receive it in the circumstances in which article 21(1) of the Law of financial service and markets 2000 does not apply to the company.
Copies of the present announcement are not being directed to or cannot be distributed in Canada and Japan.
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