Acquisitions continue with Milkiland acquired agricultural facilities
2011-12-15 15:58:23
The Board of the Directors of the company reported yesterday that the company acquired 100% of the chartered capital of ALLC “Nadiya" and LLC
“Zemledar 2020" both located in the Bakhmach region of the Chernihiv oblast, which grant a right to 100% of voting rights at the general participants
meeting of these companies respectively. ALLC “Nadiya" and LLC “Zemledar 2020" are agricultural companies which hold together approximately
1,700 hectares of arable land under lease and about 150 milking cows. The acquisition of these companies is aimed to develop the Group’s raw
material supply chain. After this acquisition, the Group’s arable land bank increased to c.19,800 hectares, milking cows headcount to about 2,750
heads.
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