Antimonopoly Committee of Ukraine gave the permission for the merger of Ukraine-Agro A / S and the Russian Pig Meat  A / S

Antimonopoly Committee of Ukraine gave the permission for the merger of Ukraine-Agro A / S and the Russian Pig Meat A / S

13.01.2016 News

Antimonopoly Committee of Ukraine gave the permission for the merger of Ukraine-Agro A / S and the Russian Pig Meat A / SThe Danish company will combine its assets in Ukraine and Russia. It is reported by “ProAgro”.

Antimonopoly Committee of Ukraine (AMC) gave the permission for the merger of Ukraine-Agro A / S and the Russian Pig Meat A / S (both – Holstebro, the Kingdom of Denmark). According to the resolution of the Antimonopoly Committee, a new company East Agro A / S will be created in the result of the merger. 

According to AMC, Ukraine-Agro A / S is a holding company associated by the ratio control with enterprises engaged in activities on growing and sale of pigs in live weight.

Russian Pig Meat A / S company tied with its business entities by non-residents of Ukraine, which operate in the cultivation and sale of pigs; wholesale of meat and meat products in the Russian Federation.

According to the annual report of the Ukraine-Agro A / S for 2014, it owns 90% of the Danish Berry Farm, which in its turn, through its subsidiary LLC “Dan-Farm Ukraine” (s.Halcha, Kiev region) Ltd controls “SPU AGRO ‘( s.Grozyne, Zhytomyr region.), that has been breeding pigs.

Berry Farm is also linked to Russian Pig Meat A / S, which owns the pig-breeding enterprise “Novsvin” (d.Ermolino, Novgorod region.).

According to the unified state register the charter capital of LLC “Agro SPU” is 63,657,000 USD.

Net loss of Ukraine-Agro A / S in 2014 amounted to 14.7 million DKK (as of January 11, $ 1 = 6.87 DKK), compared with a net profit of 8.112 million DKK in 2013. Gross profit of Ukraine-AgroA / S in 2014 increased by 39% to DKK 32.8 million.

Source: delo.ua

 

 

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