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Mykolaiv  >  News  >  Business
Kernel Holding S.A. purchases Allseeds
Jan 18 2010, 13:34

MYKOLAIV, JANUARY, 18th, 2010, CONTEXT-PRICHERNOMORIE – Kernel Holding S.A. has informed 13 January 2010 they entered into a call option agreement, providing Kernel the right to acquire a controlling interest in the Allseeds group of companies Allseeds, Context-Prichernomorie correspondent reports.

The agency was informed about it today 18 January at the press-service of the company.

Allseeds is operating mainly in Ukraine in the production and export of vegetable oil. The production assets of Allseeds are crushing plants, grain silos and an oil transshipment and export terminal, all located in Ukraine. Kernel shall pay a cash consideration of USD 42 million for such controlling interest, subject to the Antimonopoly Committee of Ukraine's approval of the transaction and subject to Kernel's agreement to the result and findings of the due diligence presently in process.

INFORMATION: Kernel is Ukraine’s largest vertically integrated agro-industrial company, the leader on the Ukrainian market of bottled sunflower oil, and one of Ukraine's key exporters of sunflower oil and crops.

The company’s activities comprise sunflower oil production, export of sunflower oil and crops, distribution of bottled oil on the internal market, providing services of crop freight handling in the port of Illiichivsk, storage of crops and oil plants in internal elevators, agricultural production.


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