POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No23/2017
Date of issue:2017-06-02
Short name of the issuer
KERNEL HOLDING S.A.
Subject
KERNEL HOLDING S.A. ACQUIRES A FARMING BUSINESS IN UKRAINE
Official market - legal basis
art. 56. 1. 2 of Act on Public Offering.
Unofficial market - legal basis
Contents of the report:
Kernel Holding S.A. (herein “the Company”) is pleased to announce that it has completed an acquisition of 92.1% interest in a farming business that manages more than 190,000 hectares of leasehold farmland and approximately 200,000 tons of grain storage capacity. The Company expects to complete the acquisition of the remaining 7.9% interest prior to 1 July 2017. The Company will pay US$155 million in cash for the 100% interest in the business, which has a positive net working capital less net debt in excess of USD$30 million. The deal has been approved by the Antimonopoly Committee of Ukraine in May 2017.
Annexes
FileDescription
(fullname of the issuer)
(short name of the issuer)(sector according to clasification of the WSE in Warsow)
(post code)(city)
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(phone number)(fax)
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(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2017-06-02Anastasiia Usachova Yuriy KovalchukDirectors