User:Keikieva Nurai/Rahat (confectionery factory)

"Rakhat” JSC (until the end of 1992 - “Almaty confectionery factory”) is one of the largest confectionery enterprises in Kazakhstan. The main production site of the factory is located in the city of Almaty on the street Zenkov 2a. Since 2015, 92.44% of the shares of Rakhat JSC are owned by a transnational company from South Korea LOTTE Confectionery.

History
It was founded in 1942 on the basis of the shops of the Alma-Ata distillery and the Moscow confectionery factories named after Babayev and the Rot Front. It produces chocolate products, caramel, biscuits, waffles, oriental sweets, marshmallows, marmalade and other products. In 1965, the factory began the reconstruction and expansion of a number of workshops of the main production, in 1967 the biscuit workshop was commissioned, and in 1980 the workshop for the processing of cocoa beans and the production of chocolate products (design capacity 12.7 thousand tons of products per year). In 1982, the level of mechanization of labor amounted to 64.8%, including in the workshops of the main production 71.5%, and in the sections of the auxiliary service 47.9%.

Before the collapse of the USSR, the factory was part of the state association "Conditerprom" of the Ministry of Food Industry of the Kazakh SSR. In 1992, as a result of privatization, it was transferred from state to private ownership and transformed into a joint-stock company. Currently, the factory's assortment is more than 250 items of various confectionery products belonging to 10 different groups. Products of the Rakhat confectionery factory today are exported to Russia, Germany, Mongolia, Uzbekistan, Tajikistan, China and Afghanistan.

In February 2018, JSC "Rakhat" participated in the exhibition "ProdExpo-2018", which was held in Moscow. All presented product names won gold medals and diplomas.

In January 2013, the South Korean group held talks with shareholders of Rakhat JSC on the acquisition of shares. And as soon as rumors about the sale leaked, Rakhat’s shares began to grow: first up to 2.5 thousand tenge, then higher and by the time of the deal rose to 6.5 thousand tenge.

On September 22, 2013, three-quarters of a block of shares of the factory, which holds 10% of the Kazakhstan market, were valued at $ 156.6 million or $ 43.5 per share at a premium to the market of 30%.

On July 29, 2013, the South Korean confectionery company LOTTE Confectionery entered into an agreement to acquire approximately 76% of the outstanding shares of a Kazakh confectionery manufacturer Rakhat》. As a result of the transaction on the sale of shares, the British BD Associates Limited (29%), Anatoly Popelyushko (25.79%), and Natalya Khilchuk (11.54%).