KYIV. Aug 18 (Interfax-Ukraine) – Dutch investment fund Safedam has become a shareholder in private joint-stock company Volodymyr-Volynska poultry farm (Volyn region, the Kurka Cheboturka trademark), acquiring 23.76% shares in the farm.
“Transparent business processes, prospects of development, high production standards and the quality of the products of Volodymyr-Volynska poultry farm were well appraised in Europe. As a result, a deal with private investment fund Safedam has been finalized. The discussion on the possibility of joining the company as an investor was started two years ago,” the Ukrainian company said in a press release.
Volodymyr-Volynska poultry farm is among top three leaders in the poultry sector with 6% share of the domestic market and turnover of UAH 1.6 billion (the target for 2017).
Head of the supervisory board and shareholder in the farm, the founder and CEO of OpenMind Group, Oleksiy Kovalenko said that cooperation of the company with representatives of the Dutch company started a long time ago.
“The deal would allow us to use various financial tools that would cheapen the value of raised funds. Our poultry farm is becoming a Ukrainian-Dutch enterprise,” he said.
The farm buys equipment from Dutch Stork company. The farm will buy Dutch chickens to breed them in Ukraine.
According to the report, the deal with Safedam is aimed at stimulating development of new segment in poultry production.
“A new product would appear on the Ukrainian market. It is being created not only with the help of European technologies, but also taking into account European values in the quality of life and healthy food,” the company said.
The poultry farm has started implementing an investment plan to modernize production facilities with the total funding of over EUR 25 million. The company said that the appearance of the new investor would allow speeding up the process.
Ukrainian branding agency Fedoriv has been attracted to launch the new brand.
