On August 5, "KSG Agro" received a notification from the direct shareholder of the holding - OLBIS INVESTMENT LTD. S.A. on reducing the share in the total number of votes in KSG AGRO S.A. more than 1%.
The change in direct participation in voting occurred as a result of the sale of 1 million shares of KSG Agro following the conclusion of 2 civil law agreements on August 2, 2021.
“Prior to receiving this information, OLBIS INVESTMENT LTD. S.A. owned 9,7 million shares of KSG AGRO S.A. which amounted to 64,62% of the authorized capital. After the sale, the company owns 8,7 million shares of KSG AGRO S.A. which is 57,96% of the authorized capital, ”the company said.
The selling price of the shares was not disclosed, however, it is not lower than the market price and corresponds to the weighted average price of the holding's shares on the Warsaw Stock Exchange over the past few months.
The buyers of the shares were two companies with Polish jurisdiction, the names of which have not yet been disclosed.
“Our search for partners was crowned with success both for the construction of a pig-breeding complex in Kazakhstan and for the development of the Ukrainian assets of the company. The participation of investors in the capital of KSG Agro guarantees their interest in the success of not only the Kazakh project but also in increasing the profitability of our activities in Ukraine, - commented the chairman of the board of directors of KSG Agro Serhiy Kasyanov. - 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. "
As previously reported, recently KSG Agro has been negotiating with a number of potential investors for financial participation in the Kazakh project (construction of a pig farm). In addition, an option was discussed for such investors to enter the equity capital of KSG Agro to develop the company's meat processing facilities and enter the finished product markets.
KSG Agro is one of the leading agricultural holdings in Ukraine, a European innovative group of companies operating on the principle of vertical integration. The holding's shares are listed on the Warsaw Stock Exchange.
The main activity of the holding is the cultivation of land and the production of agricultural crops, as well as the pig-breeding business, for which Strong-Invest LLC is responsible.
Since September 2014, KSG Agro has been implementing a development strategy, according to which the company develops the most promising projects, primarily pig breeding and crop production.