The restructuring of failed agro-holding Mriya ‘does not inspire’ Alexander Paraschiy, head analyst for Concorde Capital, writes in a new report. Due to massive fraud, creditors and Eurobond holders ended up this year with only 3.3-4.1% of their original investment, he writes. After the creditor takeover of 2014, the company’s land bank was whittled in half, from 320,000 hectares to 162,000 hectares. Mriya insiders say local judges and police in Ternopil region repeatedly sided with the original owners, the Guta family. This history handicaps efforts by Ternopil officials to attract new foreign investment.
The restructuring of failed agro-holding Mriya ‘does not inspire’ Alexander Paraschiy, head analyst for Concorde Capital, writes in a new report
