Sweden’s Alpcot Agro has reached an agreement with Polish meat packaging giant Polski Koncern Mięsny DUDA S.A., (PKM Duda), to purchase some of PKM Duda’s Ukrainian assets. The agreement includes real estate titles, a farm base, machinery and equipment, and a 50,000 tonne silo still being constructed.
Alpcot Agro sees good opportunity in the western Ukraine area where the assets are located, as both a stand-alone investment and as a foot in the door for further Ukrainian acquisitions. Though the final sale price has yet to be determined the agreement stipulates that it will not exceed USD 3.504 million, including the Ukrainian VAT tax.
Alpcot Agro (www.alpcot.com)
Agricultural investment firm Alpcot Agro opened for business in Russia’s Voronezh region in 2007. The company’s primary focus is on acquiring Russian farming and other agricultural operations in Russia and the CIS. Of the 170,000 hectares Alpcot controls in the the Kurgan, Kursk, Lusk, Volgograd, and Voronezh regions, it owns nearly 91,000 of them. Total Alpcot revenues since 2007 amount to roughly SEK 1.4 billion.
The company’s expansion efforts are being directly managed by Alpcot Capital Management Ltd.
30/07/2010
Agriculture, Central & Eastern Europe, Investment, Private Equity News, Ukraine