Polish companies buy a stake of the Ukrainian holding KSG Agro

The major shareholder and Chairman of the board of directors of KSG Agro agricultural holding, Sergiy Kasianov, on August 2, sold one million shares (6.66%) of his holding to two legal entities with Polish jurisdiction.

Sergiy Kasianov controls KSG Agro group through Olbis Investments Ltd. (Panama). After the transaction his share of Olbis Investments Ltd. amounted to 57.96% 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 Kasianov, Chairman of KSG Agro Holding

He explained that prior to the conclusion of the agreement, Olbis Investments Ltd. owned 9.7 million shares of KSG Agro S.A (Switzerland), the parent company of the Ukrainian agricultural holding, which accounted for 64.62% of its charter capital. Following the transaction, the Panamanian company owns 8.7 million shares of KSG Agro S.A (57.96%).

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.

The selling price of the shares has not been disclosed, but 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 (WSE) over the past few months. The buyers of the shares were two companies with Polish jurisdiction, whose names have not yet been disclosed.

Press service of KSG Agro Holding

Thus, according to the three-month dynamics of the value of shares of the agricultural holding presented on the WSE website, the investments attracted by it can roughly range from PLN 3.21 million ($ 834,000 at the current exchange rate) to PLN 4.49 million ($ 1.17 million).