“We want to form a Dream Team for our expansion to Ukraine. Also, we are discussing with two-three investment funds, of which one could become a partner in the company,” Altex President, Dan Ostahie, told Business Standard.
The managers leading operations in Ukraine will receive salary and benefits, plus stock options, he added.
The new company founded in Ukraine has a subscribed capital worth €10 million and already has a partnership with a local developer to open a commercial center in the city of Odessa. A further four projects are to be developed in the following years.
Altex is focusing on regional markets for expansion, as the Romanian market is closing maturity, so Altex will have a slower growth here in the following years, Ostahie said.
