Former majority owner of the Agro-Region agricultural holding and former Minister of Economic Development and Trade of Ukraine Aivaras Abromavičius will focus on investments in the Ukrainian technology sector and projects related to the future reconstruction of the country after selling the asset to the Kernel group.
“The day after the deal was closed, I already invested in a Ukrainian technology company. I think the corresponding press release will appear in the coming weeks. My wife and I want to remain very active people, so I am not planning to retire. On the contrary, now we must look at those Ukrainian companies that will become critically interesting when large-scale reconstruction begins,” he said during a Business Breakfast at Forbes Ukraine.
According to Abromavichus, shifting focus from the agricultural sector to IT and infrastructure projects is a logical step after almost 20 years of investing in Agro-Region. He noted that the technology market in Ukraine is currently showing high stability, and the upcoming reconstruction will create demand for assets in areas that will ensure economic recovery.
The investor added that despite his exit from agribusiness, he plans to attract foreign capital to Ukraine, focusing on companies with high growth potential.
Details of the new deal in the technology sector are not being disclosed until the investment round is officially completed.
Abromavichus also announced a number of promising areas for investment in Ukraine. He noted that the country has already become a “world champion in agrotech and militech,” so these are the areas to invest in. The businessman paid special attention to infrastructure and noted that although logistics was a step “where everyone wanted to be present,” now, due to falling prices, “it’s a different game.”
In his opinion, investors should focus on assets that will be in demand during reconstruction and software companies.
“I really like technology companies… we should go to Ukraine and look at them,” he concluded.
Aivaras Abromavičius is a Lithuanian-Ukrainian entrepreneur, former Minister of Economic Development and Trade of Ukraine (2014-2016) and former Chairman of the Supervisory Board of Ukroboronprom (2019-2020), who was a key partner of the investment company East Capital for a long time. Currently, Abromavičius owns shares in a number of Ukrainian IT startups and technology companies through controlled investment structures, and also has interests in real estate and consulting.
The sale of 100% of the Agro-Region group of companies (shareholders — Aivaras Abromavičius and Lars Erik Hokansson) to Andriy Verevsky’s Enselco group was one of the largest M&A transactions in Ukraine’s agricultural sector since February 2022. The investment company Dragon Capital acted as the exclusive financial advisor to the sellers, while OMP provided legal support. As a result of the acquisition of assets with a land bank of 41,000 hectares in the Kyiv, Chernihiv, Zhytomyr, and Khmelnytskyi regions, the Kernel Group (through Enselco) has increased its total land fund to 550-600 thousand hectares.
The Agro-Region Group is a high-tech integrated business comprising three operating clusters and approximately 200,000 tons of elevator capacity. The company specializes in growing corn, wheat, sunflowers, rapeseed, and soybeans, with an annual harvest of 200,000 tons. According to YouControl, at the time of the transaction, Aivaras Abromavičius owned a controlling stake in the holding (53.6%) through Garna Stockholm Holding AB, while Lars Erik Hokansson’s share was 44.28%. The deal was closed after receiving all necessary regulatory approvals, becoming a landmark investment signal for the industry amid martial law.
Agro-Region agricultural holding has completed its 2025 harvest campaign with a record corn yield of 9.64 tons per hectare, according to a Facebook post by the holding’s press service.
Agro-Region stated that the yield indicators for the 2025 season exceeded the planned forecasts. One of the production units, AR Bozna, broke its own yield record and the record of other units, achieving a yield of 11.87 tons/ha.
Yuriy Lysak, chief agronomist of Agro-Region, recalled that 2025 was marked by cool weather conditions: spring started late, and all crops, especially corn, did not receive the necessary amount of heat. That is why the harvest started with a delay of almost two weeks. Despite the increased moisture content of corn, which affected the productivity of elevators, the harvest results, according to the expert, were “truly impressive.”
“Thanks to the Armed Forces of Ukraine, as well as the coordinated work of the agronomic, engineering, and elevator teams, we were able to achieve high results,” Lysak summed up.
Agro-Region agricultural holding owns a land bank of 39,000 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 clusters. It has 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.
In April 2021, the Swedish company Lobiu Sala AB, owned by former Ukrainian Economy Minister Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to purchase the Swedish company Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.
The Agro-Region agricultural holding has created a mobile application for working with land lease agreements, according to a Facebook post by the holding’s press service.
The land department of Agro-Region noted that daily work with a large number of contracts required a solution that would reduce the time spent searching for and processing them.
“We had to ensure quick access to contracts in the field and synchronization with the ERP system. This became a key task during development. The application was created by the company’s internal specialists. During the work, we used artificial intelligence tools, in particular JetBrains AI Assistant. AI accelerated some of the processes, but the architectural solutions and logic were formed in accordance with business requirements. This allowed us to obtain a simple and reliable tool,” explained Vadym Yanchuk, CIO of the Agro-Region group of companies, whose words are quoted in the report.
The application allows you to work offline, conduct contract inventory, transfer and accept contracts between employees, automatically generate transfer acts in ERP, scan QR codes on contracts for instant access, search for contracts by name, cadastral number, or other parameters, according to the release.
“The application has become part of the digital transformation of the land department. Its implementation has reduced operational time costs, increased the accuracy of contract processing, and optimized interaction between departments,” the agricultural holding noted.
Agro-Region agricultural holding owns a land bank of 39,000 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 clusters. It has 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.
In April 2021, the Swedish company Lobiu Sala AB, owned by former Ukrainian Economy Minister Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to purchase the Swedish company Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.
Agro-Region agricultural holding has completed the harvest of winter crops with yields exceeding the planned targets and the average yield for the last five years, the holding’s press service reported on Facebook.
According to the report, the agricultural holding threshed more than 12.5 thousand hectares, with an average yield of winter wheat across the group of companies at 6.3 tons/ha and winter rapeseed at 3.23 tons/ha. At the same time, three clusters achieved an average winter wheat yield of over 7.5 tons/ha.
“The end of the growing season for winter wheat and the filling period were favorable, as a result of which a yield of 9-9.5 tons/ha was achieved on a significant number of fields,” said Chief Agronomist Yuriy Lysak.
At the same time, the Western cluster had the highest yield of winter rapeseed — 3.71 tons/ha.
“The rapeseed crops were damaged by frost, and the crop needed time to recover. Overall, the year was cooler than last year, so we started threshing later,” Lysak added.
Agro-Region specified that in the 2025 season, the harvest started two weeks later due to weather conditions. All of the company’s clusters made maximum use of their own equipment, which has been updated in recent years.
Agro-Region has a land bank of 39,000 hectares in the Kyiv, Chernihiv, Zhytomyr, and Khmelnytskyi regions. It specializes in crop production. It comprises 11 companies grouped into four crop clusters. It has two elevators: one in Boryspil with a capacity of 73,000 tons and one in Myropil with a capacity of 52,000 tons.
Agro-Region’s annual harvest of grain and oilseeds is 200,000 tons.
In April 2021, the Swedish company Lobiu Sala AB, owned by former Ukrainian Minister of Economy Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to purchase the Swedish company Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.
Agro-Region has increased its irrigated area to 580 hectares and installed another 100-hectare irrigation system in the Kyiv cluster in early 2025, the holding’s press service reports on Facebook.
“We installed the first irrigation system in 2018 on 140 hectares of Zimmatic, in 2019 we delivered two more irrigation machines – for 140 hectares of Zimmatic and 200 hectares of VALLEY. Currently, the irrigation equipment is installed by a Ukrainian manufacturer, in particular, the Kharkiv-based Variant Agro Bud plant,” said Oleksandr Morenets, irrigation project manager.
According to him, the company is irrigating seed crops and partially corn.
“We have already moved from the zone of sufficient moisture to the zone of insufficient moisture, so irrigation is an important prospect for the future,” added Morenets.
If we compare the same structure of land plots under irrigation and without, in Agro-Region these are sandy loam soils, then only commercial corn under irrigation can have a yield increase of 5-6 t/ha in dry weight, the expert says.
Agro-Region owns a land bank of 39 thousand hectares in Kyiv, Chernihiv, Zhytomyr, and Khmelnytsky regions. It specializes in crop production. It consists of 11 companies organized into four crop production clusters. It has two elevators – Boryspil elevator with a capacity of 73 thousand tons and Miropil elevator with a capacity of 52 thousand tons.
Agro-Region’s annual harvest of grains and oilseeds is 200 thousand tons.
In April 2021, the Swedish company Lobiu Sala AB, owned by former Minister of Economy of Ukraine Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to buy the Swedish Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.
Agro-Region agricultural holding has started spring field work, its press service reported on Facebook.
“All clusters have started working, in particular, we are leveling the main tillage method – ‘moisture closure’. Crops have resumed vegetation, we are monitoring their condition to further develop care measures and monitor for pests,” said Yuriy Lysak, chief agronomist of the agricultural holding.
He noted that over the past five years, there has been a lack of moisture reserves in the one-meter soil layer. The main reason is insufficient precipitation in the fall and winter.
“In particular, from September 1, 2024, to March 1, 2025, less than 200 mm fell, although in the best years 360-400 mm fell. The situation was similar in 2020 and 2022. This is not critical for the company, because we know how to act in such situations,” the expert summarized.
Agro-Region owns a land bank of 39 thou hectares in Kyiv, Chernihiv, Zhytomyr and Khmelnytsky regions. It specializes in crop production. It consists of 11 companies organized into four crop production clusters. It has two elevators – Boryspil elevator with a capacity of 73 thousand tons and Miropil elevator with a capacity of 52 thousand tons.
Agro-Region’s annual harvest of grains and oilseeds is 200 thousand tons.
In April 2021, the Swedish company Lobiu Sala AB, owned by former Minister of Economy of Ukraine Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to buy the Swedish Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.
