02 June 2017

KERNEL HOLDING S.A. ACQUIRES A FARMING BUSINESS IN UKRAINE

Kernel Holding S.A. (herein 'the Company') is pleased to announce that it has completed an acquisition of 92.1% interest in a farming business that manages more than 190,000 hectares of leasehold farmland and approximately 200,000 tons of grain storage capacity. The Company expects to complete the acquisition of the remaining 7.9% interest prior to 1 July 2017.

The Company will pay US$155 million in cash for the 100% interest in the business, which has a positive net working capital less net debt in excess of USD$30 million.

The deal has been approved by the Antimonopoly Committee of Ukraine in May 2017.

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Kernel Holding SA published this content on 02 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 June 2017 16:34:18 UTC.

Original documenthttp://www.kernel.ua/en/news/265/

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