News

13 April 2018

Goodvalley bought Galitski Agrarni Investytsii from Kernel

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The Ukrainian branch of Goodvalley (formerly known as Danosha) has completed the acquisition of 100% of corporate rights of the Galitski Agrarni Investytsii (Galician Agrarian Investments) company, which used to be a part of the Ukrainian Agrarian Investments agroholding (owned by Kernel). As stated in the report of Goodvalley, Galitski Agrarni Investytsii control 6,500 hectares of leased agricultural land in the Ivano-Frankivsk region. This acquisition is an important step in the expansion strategy of Goodvalley in Ukraine. Earlier this year this transaction was approved by the Antimonopoly Committee of Ukraine.

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05 April 2018

Miratorg invests in pig production

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Miratorg signed an investment agreement with the Orel region of Russia to develop a feed mill with a capacity of 800 thousand tonnes and a pork production facility of 203 thousand tonnes of pork per year. Investments are estimated at 25 billion rubles. Overall, the project will include a grain company with a number of silos, a feed mill, and 17 pig farms. Miratorg considers the Orel region as a key region in terms of the development and aims to double the number of pigs to 7 million commodity heads per year.

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04 April 2018

Miratorg increased beef production by 38%

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In the first quarter of 2018, Miratorg produced 22.2 thousand tons of beef, which is an increase of 38% compared to 2017. In late March, the company announced its intention to invest 12 billion rubles into the construction of several cattle farms in Bryansk, Kaluga, Tula, and Kaliningrad regions of Russia. The number of livestock farms owned by the company will thus increase from 86 to 99. As a result of this investment, Miratorg plans to produce 192 thousand more heads of cattle in 2018, which would be 15% more than a year earlier.

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04 April 2018

Agromino carries out internal investigations of the sale of an elevator

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The sale of Novomirgorodskiy elevator in the Kirovograd region of Ukraine is suspected to have been sold at a lower cost. Therefore, Agromino initiated the internal investigation. The investigation will be carried out by a law firm specialized in M&A advisory services. According to a preliminary report, Agromino was underpaid $ 5 million.

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03 April 2018

Mriya invested $ 2.8 million in agricultural equipment

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Since the beginning of 2018 Mriya has modernized its technical park with 22 new units of equipment worth $ 2.8 million. The company bought 6 trailed sprayers Amazone UX6200, seven tractors Massey Ferguson 8737 (300 hp), eight tractors CASE IH JX 110 (100 hp) and one tractor CASE IH Steiger 500 (500 hp).

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03 April 2018

Agrocomplex named after Tkachev finished 2017 with a net loss

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According to the company's published financial statements, the Russia-based Agrocomplex named after Tkachev announced a net loss of 2.1 billion rubles in 2017. In 2015, its net profit reached 6.65 billion rubles. In 2016, it decreased by 120 % to 2.94 billion rubles. IFC Markets analyst Dmitry Lukashov believes the reason for the net loss could be the increase of input costs, as well as of commercial and management costs. As a result, the profit from sales decreased by almost 25% or by 2.4 billion rubles compared to 2016. Among other possible negative effects, he also mentioned the decline of prices for wheat and other crops in 2017.

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02 April 2018

MHP's products comply with international standards

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The European Commission completed the audit of the MHP agroholding in March 2018. According to the conclusion of the EU experts, MHP adheres to the highest international standards of product quality such as FSSC 22000, ISO 22000 and BRC Food.

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02 April 2018

IFC to provide a $ 30 million loan to Astarta

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International Finance Corporation (IFC) will provide a long-term loan amounting to $ 30 million to Astarta-Kyiv. The loan will be used to introduce modern technologies at enterprises of the agroholding in order to improve the company’s resource efficiency. In addition, part of the money may be directed to the development of the livestock segment and grain trading.

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30 March 2018

The sowing campaign will cost UkrLandFarming $ 100 million

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UkrLandFarming has reduced its land area by 70,000 hectares since 2014. Now the company controls about 570,000 hectares. The CEO of the holding, Oleg Bakhmatyuk, estimated the costs of sowing at $ 100 million for 2018. $ 60 million have been already spent, additional $ 30 million have been attracted as a loan while $ 10 million are still missing.

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28 March 2018

Positive dynamics of M&A transactions will continue in 2018

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In 2017, there was a positive dynamics of M&A transactions in the agricultural sector of Russia. During the first six months they amounted to $ 1 billion. During the second half of the year, there were fewer M&A transactions, but nevertheless, by the end of the year, the volume of M&A in the agricultural sector reached $ 1.5-1.6 billion. This trend will continue in 2018.

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