Ukraine. Agrovalley raises share in IMC agricultural holding to 72.22%


Agrovalley Limited, controlled by the chairman of the board of directors of IMC agricultural holding, Oleksandr Petrov, on December 28, 2018 acquired 156,500 shares of IMC S.A. (Luxembourg). According to a report by IMC on the website of the Warsaw Stock Exchange (WSE), the purchase price of one share was PLN12.8 ($3.41 at the rate of the National Bank of Poland on January 7). Agrovalley Limited after the transaction increased the total stake to 23.962 million shares.

IMC specializes in cultivation of grains, oilseeds and milk production in Ukraine. The agricultural holding cultivates about 130,000 hectares of land in Poltava, Chernihiv, and Sumy regions. It owns facilities to store 554,000 tonnes of grains and oilseeds.

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