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Land bank increasing
Tuesday, 20 August 2013

The Board of Directors of Agroliga group reports that August 19, 2013 signed a preliminary agreement with a Ukrainian company to buy 1,600 hectares of land on the Pervomayski district of Kharkiv region. The deal amounted to 960,000 euros and will be financed from the profits of the Group.

The transaction is scheduled for January 2014, after the land documents audit and obtaining approval of the Antimonopoly Committee of Ukraine.

 

Because of the completion of this transaction, land bank of the Group reaches 9,000 hectares. In the last two years, Agroliga's land bank has increased by half, and by 2015 it is planned to further increase up to 12,7 thousands hectares.