On August 25, pension fund Otwarty Fundusz Emerytalny Generali (Generali OFE, Warsaw) reported on the acquisition of 1.61% shares of the holding company Ovostar Union NV (The Netherlands). Thus, the company increased its stake to 5.51%.

As a result, the transaction number of shares owned by Ovostar Union Generali OFE increased to 330 415 from 233 915.
Ovostar Union NV is a holding company of one of the largest Ukrainian egg and egg products producer, "Ovostar Union" (TM "Yasensvit" and "Teleshivske"), in the middle of June 2011 held a 25% stake IPO on the Warsaw Stock Exchange and raised 33.2M USD.

Generali OFE is a part of Generali Group – one of the largest insurance groups in the world.

"Kernel" was allowed to buy the company "Russkie Masla"

On August 25, the Federal Antimonopoly Service (FAS) of Russia reported on prior agreement for the purchase of the company "Russkie Masla" and its businesses by Ukrainian agro-industrial company "Kernel".

Ukrainian company reported earlier in August its intention to acquire 100% of "Russkie Masla" for 75M USD.

FAS, in particular, has given prior consent for acquisition by "Kernel Holding SA" (Luxembourg) 100% of the voting shares of JSC "Ust-Labinsk efirnomasloekstraktsionny combine" Florentina ", which is engaged in cultivation, production, purchase, storage, processing of agricultural products, as well as the production of oil from the seeds of oil crops and other consumer products, their wholesale and retail sale .

The service also allowed acquiring 100% of the voting shares in OAO "Stavropol Oil", which is engaged in cultivation, production, purchase, storage, processing of agricultural products, production of oil from the seeds of oil crops and other consumer products, their wholesale and retail.

In addition Kernel was given prior approval to acquire 100% of the voting shares of CJSC "Nevinnomyssk oil extraction plant" (main activities - cultivation, production, purchasing, storage, food processing, production of oil from the seeds of oil crops and other consumer products, their wholesale and retail sale) and 100% of the share capital of OOO "Trading Company "Russkie Masla"

FAS also gave preliminary approval for the purchase of 100% of "Production Management" company, which specializes in business consulting, as well as project management, consulting and organization of work on raising and investment management and credit , production, purchasing, storage, processing of agricultural products, production of oil from oilseeds and other consumer products, their wholesale and retail.

UAIndex