Agricultural holding KSG Agro has acquired 1.5 million of its own shares, which account for 10% of their total number, from its main shareholder Olbis Investments Ltd. This was reported by the company’s press service.
"The purpose of this move is to increase the liquidity of the holding, which will allow KSG Agro to diversify and expand its investment activities in the European Union markets," the press service of the agricultural holding noted.
The holding company plans to place a particular emphasis on investments in biofertilizers. As part of the company’s long-term strategy to strengthen financial stability, investments in real estate are also being considered.
The first step in implementing this strategy is strengthening the financial position and liquidity of the company by acquiring 1.5 million shares from its main shareholder, Olbis Investments Ltd. Previously, 64.62% of the holding's equity capital was owned by Olbis Investments Ltd S.A., and 35.17% was in free circulation.
About KSG Agro:
KSG Agro is a vertically integrated company whose activities are related to the production, storage, processing, and sale of agricultural products. The chairman of the board of directors is Serhiy Kasianov.
Regions of activity: Dnipropetrovsk, Kharkiv, Khmelnytskyi, and Kherson regions.
