Kernel Holding S.A. acquires 170 000 t of grain storage capacity
Published by Angharad Lock,
Digital Assistant Editor
Dry Bulk,
One of Kernel Holding S.A.’s subsidiaries has completed an acquisition of 100% interest in a farming business that manages more than 27 500 hectares of leasehold farmland and over 170 000 t of grain storage capacity.
Total consideration of US$43.3 million has been paid in cash for the 100% interest in the business, which has a positive net working capital less net debt in excess of US$4 million.
The deal was approved by the Antimonopoly Committee of Ukraine in May 2017.
Read the article online at: https://www.drybulkmagazine.com/material-handling/06072017/kernel-holding-sa-acquires-a-farming-business-in-ukraine/
You might also like
INTERCARGO convenes maritime industry to advance common approach to dry bulk STS transfers
INTERCARGO brought shipowners, charterers, insurers and service providers together in Athens on 31 March to tackle a growing issue in dry bulk shipping: how ship-to-ship (STS) transfers are actually carried out.