The practices of the Ukrainian company Kernel have virtually no precedent and represent a type of action unknown in modern financial markets.
November 2007. Kernel Holding, led by Andriy Verevsky, debuts on the Warsaw Stock Exchange, breaking a record in terms of the value of the first share issue ($200 million). The Ukrainian oligarch, who is only 33 years old, is hailed as one of the most talented businessmen of the young generation, and his company is attracting Polish investors. Currently, Kernel Holding is the world’s largest producer of sunflower oil and the largest exporter of Ukrainian grain, but already in the first years of its activity its prospects seemed extremely promising. After Ukraine joined the World Trade Organization in 2008, agricultural exports became even more profitable and the Polish Open Pension Funds decided to take advantage of this opportunity by purchasing a significant number of shares in the company (until recently they owned about 21 percent of the shares). of the shares). Apart from them, many domestic individual investors were tempted to buy Kernel’s shares.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
