Business news from Ukraine

“Agroton” will carry out sowing on 5 thousand hectares in Kharkiv region

28 April , 2023  

Agroton Agrarian Group now controls the property and 5 thousand hectares of land bank in Kharkiv region out of 110 thousand hectares in Kharkiv and Luhansk regions that were previously under cultivation, the group reported on the Warsaw Stock Exchange.

According to the report, Agroton is currently involved in clearing farmland and preparing for spring field work.

As noted, the company has no control over the property and land in the occupied Luhansk region, so its employees have left.

The management of the agroholding promises to provide shareholders with reports on all requirements after the end of the war in Ukraine.

“Agroton” has been working in the Ukrainian market since 1992 and before the full-scale Russian military invasion it specialized in growing grains and oilseeds, producing and selling livestock products. The land bank of Agroton before the war was about 110 thousand hectares in Lugansk and Kharkiv regions. The group owns two poultry farms in Lugansk region.

“Agroton” reported in 2022 that representatives of the so-called “LNR” and OJSC “Agrocomplex named after N.I. Tkachev” (Russian Federation) “seized” all the assets of its parent company Agroton Public Limited in the Luhansk region on May 21, 2022. The management of the group applied to the law enforcement bodies of Ukraine with a request for a legal assessment and bringing to justice those involved in the seizure of its property.

According to the Luhansk Regional Military Administration, Russian occupants with the participation of collaborators – citizens of Ukraine stole 20 thousand tons of grain from “Agroton” elevators, as well as collected from its fields and exported to Russia 200 thousand tons of crop 2022. In addition, the invaders stole 40 vehicles to Russia.

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