Business news from Ukraine

Business news from Ukraine

UKRAINIAN REGULATOR ALLOWS DIRECTOR OF GERMANY’S AGROLIFE GMBH TO BUY SVIT-AGRO

11 February , 2021  

The Antimonopoly Committee of Ukraine has allowed Viktor Bazilchuk, who is listed as director of Agrolife GmbH on the website of the German supplier of animal feed and additives Agrolife GmbH, to buy more than 50% in Agrolife’s partner company Svit-Agro (Kyiv), which supplies feed additives and veterinary medicine.
The relevant permit was issued on January 28. The acquisition is planned indirectly through Austinola Limited (Cyprus).
According to the public register, the largest owner of Svit-Agro Trading House with 75.1% is Oleksandr Tymoshenko, who in late 2019 – early 2020 applied for the position of head of the State Fisheries Agency of Ukraine and had the highest score in the evaluation of candidates.
In addition, the company’s beneficiaries include Oleksandr Schnir’s Bridgewater Holdings Corp with 16.6% and Alarico Ltd (Belize) with 8.3%.
In his declaration, Tymoshenko indicated 25% in meat processing complex Stolychny LLC where 75%, according to the public register, belong to Bazilchuk. According to the data on the website, Stolychny has been exporting chicken since 2017, annually exporting about 2,600 tonnes of poultry meat.
According to the committee, the buyer’s group is engaged in the production and wholesale of animal feed, wholesale of grain, meal, cake, eggs, meat and meat products, pharmaceuticals and veterinary drugs, as well as provides processing and storage of grain, rents real estate.
Agrolife GmbH, according to the information on its website, is a supplier of oilseeds, cereals and feed additives for livestock in the markets of Germany, the EU and Ukraine. Agrolife GmbH together with the Danish Fermentationexperts AS are the founders of European Protein Ukraine LLC (Kyiv region).
In July 2018, the committee allowed Agrolife GmbH to acquire the Cypriot Cotone Investments Limited, which owns 100% of the shares of the feed manufacturer PJSC Kyiv-Atlantic Ukraine (Myronivka, Kyiv region). In the public register, the beneficiaries of Kyiv-Atlantic Ukraine through Agrolife GmbH are Natalia Bazilchuk with 56.33% and Borys Skyba with 18.78%.

,