Mriya Agro Holding has received a proposal for the financing of working capital in the amount of $ 50 million to finish the season in 2016, reports the press-service of the company.
According to the report, the Mriya company has received an offer from a consortium of current bondholders and from the international investors about the opening of a new credit line in the amount of $ 50 million.
The new working capital will allow to finish the spring sowing and to conduct a harvesting campaign. An essential condition for obtaining a loan is a decision of majority of creditors on the restructuring agreement.
It is noted that the agricultural holding Mriya is now in the process of negotiating with creditors and coordinating committees bondholders concerning conditions of restructuring the debt portfolio, in which changes necessary for attracting a new credit were made.
The financial director of the Mriya Ton Huls notes that the restructuring process through which Mriya takes a course, is unique in Ukraine, since it provides all the benefits of creditors’ equity participation. Besides, the process involves a large number of stakeholders with different interests, each of which operates as part of their procedure.
“Our current task is to coordinate the acceptance of conditions by the majority of creditors, as well as integrate and consolidate all the individual loan agreements to the new standard loan document that would be acceptable for all parties and consistent with the laws of Cyprus and Ukraine. We hope that we can quickly go through all the necessary legal and administrative procedures “, – he added.
It is also noted that the Mriya urges the creditors to agree the terms of the restructuring and to attract working capital until the end of March 2016; in this case, an additional working capital of the company will be financed in the end of April.
“During the talks was also agreed to prolong the loan agreement for $ 9 million under the loan to replenish working capital, received by Mriya in June 2015”, – reported the company.
Failure to meet the state budget expenditure plan in 2020 amounted to 68 billion hryvnias. This is the worst figure in the last five years, said the chairman of the Accounting Chamber Valery Patskan. “The volume of expenditures of every fourth budget program was changed by government decisions. At the same time, the amounts of […]
Toyota Motors has introduced two cars Lexus IS and Toyota Mirai with new autonomous driving functions. New Advanced Drive assist technology includes a second-level autonomous system that helps drive the car by restricting the car’s lane, maintaining distance from other vehicles and changing lanes under the supervision of the driver. According to Toyota CEO James […]
At a meeting on Thursday, April 8, the Antimonopoly Committee of Ukraine fined the Hungarian company Üttema Kereskedelmi Korlátolt Felelősségű Társaság UAH 65 million for acquiring two Ukrainian companies – Kyivshlyakhbud LLC and Rostdorstroy LLC without obtaining concentration permits. This was reported by the press service of the AMC. According to the Committee, in October […]
Facebook reported that the data of 530 million users of the social network were made public after receiving data from the platform through the function of importing contacts, and not as a result of a hacker attack. This is stated in the Facebook report on the incident. It is noted that the attackers stole data […]
Amazon’s digital advertising business (AMZN) has received a new high estimate of growth in 2020 from experts from the global research company eMarketer. Amazon shares, which have not changed much since the beginning of 2021, rose at the beginning of trading on Wednesday. EMarketer analysts gave investors another confirmation of the strong growth of the […]
Saudi Arabian State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) is negotiating the sale of up to 49% of its pipeline assets to a consortium of American, Chinese and local investors, writes The Wall Street Journal, citing informed sources. According to sources, the amount of the transaction could range from $ 10 billion to […]
The economy will begin to recover in the aftermath of the coronavirus pandemic crisis, but some will lag behind the “leaders of the post-pandemic world” – the United States and China, writes Bloomberg Economics on April 4. The recovery of the global economy is projected to be at a record pace and will grow by […]
In 2021, the Ukrainian economy will grow by 4%. This is stated in the updated IMF forecast. At the same time, next year growth will slow to 3.4%. Inflation in Ukraine is expected to increase to 7.9% in 2021 after declining to 2.7% in 2020, and to 6.8% in 2022. The current account surplus of […]
According to the Investor`s news, in 2020, the volume of transactions worldwide mergers and acquisitions (M & A) totaled $ 1.97 trillion. The publication noted that major transactions between IT-companies account for almost one fifth of the total. According to the global data provider and stock market infrastructure Refinitiv, the volume of the deals of […]Next
The investment company Prosperity Capital Management has concentrated 7.93% of global depositary receipts (of GDR) of the largest Ukrainian producer of poultry – agricultural holding “MHP” (MHP). According to a report on the website of the London Stock Exchange on Friday, now the company owns 8,000,000 789,186 GDR. According to the information at Prosperity Capital […]Next
South Korean electronics maker Samsung Electronics has signed an agreement with US cellular operator Verizon to supply $ 6.64 billion worth of 5G equipment to the United States, reported Reuters. According to Samsung representative, the order concerns to supply of network equipment. Company declined to comment on the detailed terms of the contract. Noted that […]Next
What are the prospects for the development of foreign and domestic business in Ukraine in the next three years? Petro Rondiak, the Chairman of the Board of Winner Group Ukraine At Winner, we have always been optimistic about the prospects of Ukraine. Our investments reflect the long-term intentions for staying in the country. In the […]Next
Ukrainian businessman Serhiy Tigipko was denied the purchase of more than 99% of Prominvestbank (PIB) shares through Luregio Limited. National Bank made the relevant decision due to problematic issues of the Bank’s activity. “The Committee on Supervision and Regulation of Banking, Oversight (Oversight) of Payment Systems adopted this decision on February 5, 2021. The decision […]Next
During the past 5 years was invested about $ 10 million per year in the construction and modernization of the elevators of “Agroprosperis”. This was told by the CEO of the NCH Agribusiness Investment Fund – “Agroprosperis” Group of companies, Igor Osmachko in an interview to the Liga.Business. “For the moment, the structure of the […]Next
Foreign pharmaceutical company Euro Pharma International is building a new pharmaceutical plant in Kiev Svyatoshinsky district, Kyiv region. The first phase of the project start is scheduled for autumn 2016. To date, the company estimates the volume of investments of $ 50 million. “I am very pleased that the foreign investors are interested in our […]Next
Visa in conjunction with BioConnect will promise to provide a new service which will give an opportunity to their clients to undergo the procedure of biometric authentication, using the application on their phone in the nearest future. According to developers of the program, such innovation is a fine alternative to passwords use. In addition, the […]Next
China reduced its US Treasury bond portfolio by $ 6.22 billion to $ 1.062 trillion amid strained relations with Washington in September. This was reported on Friday by the South China Morning Post, citing data from the US Treasury. This was the lowest amount of these investments since February 2017. According to the publication, China […]Next
Shares of Nikola fell to 36.45% over the last week. Energy giant BP’s announcement on Wednesday that it is abandoning a potential partnership with Nikola, which exacerbated a number of problems faced by the startup in the recent days. Nikola planned to organize the production of its cars in partnership with other large manufacturers and […]Next
Real estate market is one of the most development in the modern Ukrainian economy. We have mentioned about this topic on the LDaily pages, have analysed the main tendencies and provide the information about judicial aspects of interrelations formation with the builder within our special Construction scram project to our readers. Today we propose to […]Next
The Supreme Court declared Astra Bank insolvent, the press service of the National Bank reports. By its decision, the Supreme Court overturned the decisions of the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal, which found the central bank’s actions illegal. The NBU reminded that Astra Bank is the only bank that […]Next
The tripartite international project will be directed to the implementation of woods full state accounting and maintaining the state forest inventory. Kristina Yushkevich,acting chairman of the State agency of forest resources, held a meeting with the Michael Kharms director of Committee of the East European economic relations (Germany) and the Mikael Sutter representative of environmental […]Next
«Syutkin & Partners» Law Firm prepared a new series of programs “CAPITAL”. The “CAPITAL” discusses topical issues of big business in today’s economic climate: tax audits, economic crimes, corporate conflicts, etc. You will hear the views of industry experts and recommendations of specialized lawyers. Qualitative law business support will save and increase your capital. The […]Next
Mobile operator lifecell sold its sister company telecommunication towers in Ukraine. The Ukrtower Company will pay minimum $ 52 million plus taxes for 811 objects. This is stated in the message of the owner of the company – Turkish Turkcell Holding. According to the report, the resolution on the transaction was carried by the Turkish […]Next
The Cofco Agri Ukraine Company, which belongs to the Chinese Cofco Corporation is one of the largest global manufacturers and suppliers of agricultural products and foodstuffs, will officially launch the terminal in Mykolaiv sea port on May 19. This is reported by the “Interfax-Ukraine” with reference to the company’s message. This terminal is one of […]Next