Bank UBS AG builds up on Kalina’s shareholding

Concern Kalina started reorganizing from an open joint stock company into a limited liability one. The decision to start the reorganization of Concern Kalina JSC into Concern Kalina LLC was supported by 5.24m votes against 1.19m of those who abstained, the company reports. The voting meeting also included the agreement on the procedure of exchanging Concern Kalina JSC’s shares for Concern Kalina LLC’s participant contributions: it was decided that Concern Kalina’s 6,438,348 shares (face value 70 RUR each) should be exchanged for a share in Concern Kalina LLC’s authorized capital. Concern

‘The fact that Bank UBS AG happens to own a portion of Concern Kalina’s stock probably means that this bank is a nominee shareholder, which is, by the way, typical of most western shareholders who have been with Kalina ever since the EBRD’s times. In case UBS AG really is a nominee shareholder, it can only benefit from the transaction by taking a commission on the services it renders to the company,’ says Accord Invest Investment and Finance Company’s Deputy GD Konstantin Selyanin. Bank UBS AG raised the share it has in Concern Kalina’s authorized capital from the earlier 5.05% to the present

VTB Capital is now a stockholders of Concern Kalina, a large Russian cosmetics manufacturer. VTB Capital bought a 13.5% shareholding in the company. At the same time the shareholding owned by Renaissance Securities (Cyprus) Limited dropped from 15.51% до 6.79%.

Deutsche Bank Trust Company Americas increased the shareholding it owns in Concern Kalina up to 9.83%. The Yekaterinburg-based company’s other shareholders’ holdings were modified as well. For one, Prego Holdings Limited increased its holding from 29.98% up to 45.41%, Kalina Finance raised its share from 3.59% to 5.44%, and Renaissance Securities (Cyprus) Limited raised its share from 7.98% to 12.09%.

Unilever’s Russian daughter enterprise Unilever RUS completed the consolidation of a 100% shareholding in the cosmetics manufacturer Concern Kalina, Interfax reports. The buyout of 33,546 ordinary shares (about 0.52% of the company’s authorized capital) went through the day before. The shares were sold by both private individuals and legal entities. It was reported earlier that the price of the remaining 0.52% of shares would come to 4,267 RUR apiece. The agreement to buy an 82% shareholding in Concern Kalina was signed in October 2011. In December, Unilever announced the deal was closed.