Media: Jaresko to purchase Ukraine's largest telecommunications company
Ukrainian Finance Minister Natalie Jaresko will become the owner of the largest telecommunications company in Ukraine- Datagroup. She is going to acquire Datagroup through Horizon Capital, the company which she co-founded.
This was reported by the Economic Policy Journal.
Datagroup, which controls 85% of the Ukrainian market of telecommunications, is owned by businessman Olexandr Kardakov. He went bankrupt due to the fall of the hryvnia exchange rate to the US dollar. As he was unable to return the dollar loans, he decided to sell the business. In late February, the company began the liquidation of its assets. A co-founder of the American investment company Horizon Capital, who is also the Minister of Finance of Ukraine, Natalia Jaresko, intends to buy Datagroup.
The US citizen and former employee of the Department of State received Ukrainian citizenship on December 2nd, 2014, when she was appointed as the Head of the Ministry of Finance of Ukraine, the Journal wrote. Between 2005 and 2010, Jaresko was a member of the Foreign Investment Advisory Council of President Viktor Yushchenko and a member of the Advisory Board of the Ukrainian Center for Promotion of Foreign Investment supported by the cabinet of the country.