Business news from Ukraine

Business news from Ukraine

Agroton Group Expands Its Land Bank Through Acquisition of Agricultural Enterprise

The Antimonopoly Committee of Ukraine (AMCU) has granted permission to Agroton Public Limited (Nicosia, Cyprus) to acquire control over the agricultural limited liability company (LLC) “Mriya.”

According to the AMCU’s announcement, control will be established through the direct acquisition of shares, ensuring a majority of more than 50% of the votes in the company’s highest governing body. The decision was made following the review of an application dated February 2, 2026 (No. 15-01/215-EKk).

Agroton Public Limited is the holding company of the “Agroton” group—a large, diversified, vertically integrated agricultural producer. The group’s primary beneficiary is Yuriy Zhuravlev.

As reported, in March 2026, the AMCU also granted Agroton Public Limited permission to acquire control over PAOP “Zorya” (Berestynsky District, Kharkiv Region), which previously belonged to American businessman George Ror through LLC “Charivny Svitanok (Agro).” The enterprise specializes in crop farming and dairy farming.

“Agroton” has been operating in the Ukrainian market since 1992 and, prior to the full-scale Russian military invasion, specialized in growing grain and oilseed crops, as well as the production and sale of livestock products. Before the war, Agrotone’s land bank consisted of approximately 110,000 hectares in the Luhansk and Kharkiv regions. The group also owned two poultry farms in the Luhansk region. However, according to the report for the first half of 2024, the area of land leased by the company from private individuals was zero.

In 2022, Agroton reported that representatives of the so-called “LPR” and JSC “Agrokompleks named after M.I. Tkachev” (Russian Federation) “seized” all assets of its parent company, Agroton Public Limited, in the Luhansk region on May 21, 2022. According to the Luhansk Regional Military Administration (RMA), Russian occupiers, with the participation of collaborators, stole 20,000 tons of grain from Agroton’s elevators, harvested 200,000 tons of the 2022 crop from its fields, and transported it to the Russian Federation. In addition, the invaders stole 40 vehicles and transported them to Russia.

Yuriy Zhuravlev, the majority owner and CEO of the Agroton agricultural group, who owned 85.4% of the shares in the parent company Agroton Public Limited (Cyprus) as of mid-2024, purchased an additional 2.09% (453,024 shares of the company) in November 2024, increasing his stake to 87.49%. As the company reported to the Warsaw Stock Exchange, the purchase took place on the over-the-counter market.

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Andriy Verevsky buys nine agricultural enterprises in Ukraine

On Thursday, the Antimonopoly Committee of Ukraine (AMCU) allowed Cyprus-based Kapenata Limited, which is affiliated with Andriy Verevsky’s Enselco Agro agricultural holding, to acquire nine companies belonging to the Agro-Region agricultural holding owned by former Ukrainian Economy Minister Aivaras Abromavičius and Swedish businessman Lars Peter Hokansson, according to a statement posted on the AMCU website.

The committee specified that Kapenata Limited intends to acquire more than 50% of the shares in Horosha Logistika LLC, AR Ivky, AR Chudniv, AR Khmelnytskyi, AR Boryspil, AR Kozelets, AR Liubar, AR Borzna, and Bilyi Kolir.
According to YouControl, Kapenata Limited was the owner of Agropolis LLC, part of the Enselco Agro holding, in November 2025, but in December, the Cypriot company Enselco Holding Limited became the owner.

According to information on the Enselco Agro website, in 2023 it was spun off from the Kernel agricultural holding, where Verevsky is the majority shareholder and CEO, and now owns a land bank of 134,000 hectares in the Khmelnytsky and Ternopil regions. In turn, Kernel’s land bank is about 550-600 thousand hectares.

Agro-Region agricultural holding owns a land bank of 41 thousand hectares in the Kyiv, Chernihiv, Zhytomyr, and Khmelnytskyi regions. It specializes in crop production. It consists of 11 companies, which are united into four crop production clusters. It owns two elevators: Boryspil with a capacity of 73,000 tons and Myropil with a capacity of 52,000 tons.

Agro-Region’s annual harvest of grain and oilseeds is 200,000 tons.
According to YouControl, Agro-Region is owned by Garna Stockholm Holding AB, in which Abromavichus owns 53.6% and Hokansson owns 44.28%.

“The deal will be closed in the coming days,” a source familiar with the details of the deal told Forbes Ukraine.

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