Mriya completed $ 1.1 billion debt restructuring
21 August 2018
Mriya Agroholding, a group of companies operating 165,000 ha in 6 regions of Ukraine, successfully completed a debt-for-equity swap worth $ 1.1 billion. The company handed 100% of the assets, including the land, infrastructure facilities, production capacities and equipment, to Mriya Farming PLC (Great Britain), owned by Mriya Agroholding’s major creditors. As a result, the total debt of Mriya Agroholding dropped to $ 309.5 million. According to the company’s representatives, Mriya will continue operating in Ukraine with Simon Cherniavsky as a CEO.