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Agricultural Land Expansion by Agroliga Group PLC
Monday, 17 August 2015

The press service of Agroliga Group PLC reports completing transaction on the acquisition of corporate rights to one more agro-industrial enterprise. The fourth agricultural producer LLC “Maiak” was added to Agroliga Group.

The enterprise specializes in the cultivation of wheat, barley, corn and sunflower, also winter rape is included in the structure of crop rotation in 2015/2016 marketing year.

LLC “Maiak” is situated in close proximity with the regional centre, city of Kharkiv. The enterprise processes more than 1.8 thousand ha.

"We invest into the expansion of cultivated areas with the aim to strengthen our position in the market of agricultural producers of Kharkiv region.

The deal will allow expanding the Group’s agricultural land from 7.5 thousand ha to 9.3 thousand ha. Besides, the land cultivated by LLC “Maiak” is situated 130 km further south than the main part of Agroliga Group’s cultivated area that is in the other climatic zone comparatively with the main area. So this acquisition will expand the geography of production and thus reduce the risks caused by weather conditions ", said Alexander Berdnik, General Director of Agroliga Group.

The investments into the expansion of cultivated areas are part of the corporate strategy and carried out in accordance with the medium-term plans of Agroliga Group PLC to expand the land to 12 thousand ha in 2013-2015. These plans were announced at the primary listing of shares at the WSE.