Polish companies buy a stake in the Ukrainian holding KSG Agro
23:00
The major shareholder and chairman of the board of directors of KSG Agro agricultural holding, Sergiy Kasyanov, on August 2, sold one million shares (6.66 percent) of his holding to two legal entities with Polish jurisdiction.
Sergiy Kasyanov controls the KSG Agro group through Olbis Investments (Panama). After the transaction, his share of Olbis Investments amounted to 57.96 percent of the charter capital.
“The buyers were Polish companies together with beneficiaries in the European Union. Within a few days, we will agree on all the formalities and will be ready to jointly inform the market about our future plans,” Sergiy Kasyanov said.
He explained that prior to the conclusion of the agreement, Olbis Investments owned 9.7 million shares of KSG Agro (Switzerland), the parent company of the Ukrainian agricultural holding, which accounted for 64.62 percent of its charter capital. Following the transaction, the Panamanian company owns 8.7 million shares of KSG Agro (57.96 percent).
The press service of the agricultural holding emphasized that through this transaction, KSG Agro intends to attract investors to the development of meat processing facilities and to enter the markets for finished livestock products.
