NOVAAGRO Group entered into a conditional agreement to acquire approximately 57% stake in AgroGeneration SA (ENXTPA:ALAGR) from Konkur Investments Limited for $7.7 million on July 25, 2023. The offer price is $0.036 per share. The consideration also includes the reimbursement of the shareholder current account receivable held by Konkur on AgroGeneration for an amount of approximately $3.191 million.

Completion of the transaction is subject to two main conditions precedent the approval of the acquisition by the Ukrainian competition authority and purchaser obtaining adequate sources of financing in connection with the acquisition. As of August 29, 2023. The Antimonopoly Committee of Ukraine (AMCU) announced the start of consideration of the case on the purchase of shares of the agricultural holding AgroGeneration S.A. by Novaagro Ukraine LLC.