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                        FRIDAY, NOVEMBER 29, 2024
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GISMETEO.RU
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Business    

Kernel may buy oilseed crushing plant and expand land holdings
Journal Staff Report

KIEV, Jan. 24 – Kernel, a large Ukrainian agrarian group, may buy an oilseed crushing plant in Ukraine with an annual capacity of around 1 million tons of sunflower seeds and expand its land bank by 200,000-250,000 ha, Kernel founder and Chairman Andriy Verevsky said.

"We are studying the possibility of consolidating oilseed crushing facilities in Ukraine. We are interested in acquiring a medium-sized enterprise with an annual capacity of around 1 million tons of sunflower seeds. We assess the acquisition at some $200 million. At present we are far from the deal, as our assessments considerably differ the assessments of sellers. It is hard for me to predict when potential sellers will give their consent to sell their business. I think that it will take no more than a couple of years," he said at the phone conferences with investors devoted to the possible placement of eurobonds.




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