KIEV, Jan. 19 – Kernel Group, one of the largest agro-industrial groups in Ukraine, has made a binding offer to acquire a 37.6% minority shareholders interest in Allseeds Group, a large player on the Ukrainian vegetable oil market.

"The offer is based on a $22 million enterprise value for Allseeds, equivalent to the valuation agreed with the majority shareholders for a controlling interest in Allseeds. Kernel will pay a basis of $28 million for the minority shareholders’ 37.6% interest in Allseeds, in cash instalments," reads a report of Kernel Holding S.A., the holding company of the group, on the Warsaw Stock Exchange on Tuesday.