Ukraine. The Antimonopoly Committee authorized SALIC for Mriya's acquisition

29.10.2018

The Antimonopoly Committee of Ukraine (AMCU) authorized SALIC (UK) LIMITED for the acquisition of Mriya Agroholding.

This transaction provides an excess of 50% of the votes in the supreme management body of the agroholding.

The AMCU authorised the purchase of the shares of Mriya Holding Cyprus Limited (Nicosia, Cyprus) and Mriya Trading (Cyprus) Limited (Nicosia, Cyprus).

The Committee authorised the purchase of shares in the authorized capital of the following enterprises:

    Kahro;
    Lemkivska Mriya;
    Mriya Bukovyna;
    Mriya Hlybochyny;
    Mriya Carpat;
    Mriya-Pidhaytzi;
    Mriya Podillya;
    Novahris;
    TH ASKO.

According to the YouControl analytical system, the enterprises listed above are Mriya's subsidiaries and in a state of termination.

In Kyiv, on September 12, 2018, the ceremony for the signing of a contract for the sale of shares of Mriya Agroholding was held between Mriya Farming PLC and Saudi Agricultural and Livestock Investment Co. (SALIC). The agreement was signed by the Chairman of the Board of Directors of the agricultural holding Oleksiy Pavlenko and the managing director of SALIC Khaled Al-Aboodi.

Note: SALIC UK (Saudi Agricultural and Livestock Investment Company, United Kingdom) was established as a wholly owned subsidiary of the Saudi Agricultural and Livestock Investment Company which is a joint stock company that is owned by the Public Investment Fund of the Kingdom of Saudi Arabia. Its statutes state that its activity is in the field of investments in agricultural and livestock production in countries that have a competitive advantage in contributing to the production of selected food goods and their availability for export markets. The SALIC UK strategy focuses on twelve product categories: wheat, barley, corn, soybean, rice, sugar, vegetable oils, green fodder, red meat, milk products, poultry and aquaculture.


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