News

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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