KERNEL HOLDING S.A. 05 July 2017
ACQUISITION OF A FARMING BUSINESS IN UKRAINE
Kernel Holding S.A. (herein 'the Company') is pleased to announce that one of its subsidiaries has completed an acquisition of 100% interest in a farming business that manages more than 27,500 hectares of leasehold farmland and over 170,000 tons of grain storage capacity.
Total consideration of US$43.3 million has been paid in cash for the 100% interest in the business, which has a positive net working capital less net debt in excess of US$4 million.
The deal has been approved by the Antimonopoly Committee of Ukraine in May 2017.
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Kernel Holding SA published this content on 05 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 July 2017 05:45:09 UTC.
Original documenthttp://www.kernel.ua/en/news/267/
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