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Economy 2019-02-15T04:55:17+02:00
Ukrainian news
Antimonopoly Committee Allows Khomutynnyk's Cyprian-Based Cacique To Acquire Verevskyi's 7 Agribusinesses In S

Antimonopoly Committee Allows Khomutynnyk's Cyprian-Based Cacique To Acquire Verevskyi's 7 Agribusinesses In Sumy And Chernihiv Region

The Antimonopoly Committee of Ukraine has allowed Cacique Limited (Cyprus) to acquire over 50% in seven enterprises, in which ultimate beneficiary is Kernel's major shareholder Andrii Verevskyi, in Sumy and Chernihiv regions.

The Antimonopoly Committee announced this in a statement, Ukrainian News Agency reports.

Verkhovna Rada member Vitalii Khomutynnyk has declared Cacique Limited.

These seven enterprises specialize in the production of grain crops and oil-bearing crops.

According to the state register of legal entities and individual entrepreneurs, the founder of the seven companies, directly and indirectly, is the limited liability company Ukrainian Agrarian Investment, in which ultimate beneficiary is Verevskyi.

As Ukrainian News Agency earlier reported, Kyiv-based Kernel Group, one of the largest operators in the Ukrainian market of grain and oilseed crops, has increased its land bank to over 600,000 hectares following acquisition of Ukrainian Agrarian Investments and Agro Invest Ukraine companies.

In the 2016/2017 marketing year (July 2016 - June 2017), Kernel Group's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased by 7.8% or USD 27.2 million to USD 319.2 million as against the 2015/2016 marketing year.

The company raised its net revenues by 9.1% or USD 180.4 million to USD 2,168.9 million over the 2015/2016 marketing year. Kernel Group decreased net profit by 21.8% or USD 49 to USD 176.2 million in the 2016/2017 marketing year.

In the 2016/2017 marketing year (July 2016 - June 2017), Kernel Group upped bulk vegetable oil by 10.1% or 99,825 tons to 1,083,729 tons year over year.

In 2016/2017 marketing year, Kernel Group upped processing of sunflower seeds by 10.2% or 273,939 tons to 2,958,695 tons.

The Kernel Group's enterprises produce goods under the trademarks Schedryi Dar, Stozhar, and Chumak Zolota.

Больше новостей о: amcu Cacique Limited Vitalii Khomutynnyk Kernel Group

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