28 March 2018News -
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.
27 March 2018News -
Resilient, a Ukraine-based 8.5 thousand hectares agroholding, lost the lease rights for 180 hectares of land in 4 different villages of the Kiev region. All the lease contracts were concluded for 7-10 years and were registered in the State Register of Property Rights since 2014. Landowners received their rent payments timely, but, all of a sudden, submitted a complaint to the Ministry of Justice and asked to declare the lease contracts for invalid.
23 March 2018News -
MHP SE announced the issue of Eurobonds for a time period of 8 years at a rate of 6.95%. Their total value is $ 550 million. The issuer is Luxembourg MHP Lux S.A. Part of the raised funds will be used to refinance short-term debts, to pursue general corporate goals and to finance the expansion and diversification of chicken and grain business.
23 March 2018News -
Rusagro reported a decrease in net profit by 150% to 5.6 billion rubles in 2017. Revenue for the reporting period decreased by 6% to 79 billion rubles. EBITDA decreased by 23% to 14 billion rubles. 2017 can be called a crisis year for Rusagro as a result of falling prices, adverse weather conditions and low consumer demand.
21 March 2018News -
Continental Farmers Group (CFG) is negotiating the purchase of Mriya. The current price offered by Continental Farmers, does not suit Mriya yet. The main beneficiary of CFG is United Farmers Holding Company (UFHC) from Saudi Arabia. Kernel is also interested in buying Mriya.
16 March 2018News -
Astarta-Kyiv is trying to achieve a modest strategic goal – to become the most efficient agricultural company in Europe in terms of profitability and ecological performance. Particular attention will be paid to the reduction of energy spent on production.
14 March 2018News -
The chairman of MHP, Yuriy Kosyuk, confirmed that MHP is considering to acquire Doux, but the final decision is still to be made. According to preliminary estimates, the amount of funds needed for the financial recovery of the French poultry manufacturer is 220 million Euro.
13 March 2018News -
Last year, Miratorg exported a record volume of 250,000 tons of meat. In the opinion of the president of the company, Viktor Linnik, this is only the beginning of the way. He believes that by 2025 the company can increase this figure by a factor of five to seven so the volume of meat exports makes $ 4-5 billion.