The Antimonopoly Committee of Ukraine (AMCU) has granted approval to Olimp LLC to acquire control over the assets of ADM Ukraine LLC in the form of a single property complex (grain elevator), the agency announced on Facebook.
According to the regulator, the facility in question provides grain storage services.
According to market participants, the subject of the deal is the “Kam’yansky” grain elevator in the Cherkasy region. The facility has a storage capacity of 64,000 tons in metal silos and floor storage facilities.
Once the deal is finalized, ADM Ukraine will effectively have no remaining grain storage assets in Ukraine. The company previously lost control of the “Tavriysky” elevator due to Russia’s military aggression.
Archer Daniels Midland (ADM) is an American agribusiness corporation headquartered in Chicago, operating in 200 countries. The company specializes in the production of food ingredients, animal feed, and biofuels, as well as in the processing, storage, and logistics of agricultural products. Its product portfolio includes grains, oilseeds, flour, starches, vegetable fats, and logistics services through its ADM Logistics division. In Ukraine, the corporation is represented by ADM Ukraine LLC.
OLIMP LLC is a Ukrainian agribusiness company with a land bank of 36,000 hectares in the Zhytomyr, Kirovohrad, and Cherkasy regions. It specializes in crop production (corn, wheat, soybeans, sunflowers), livestock farming, processing, and trading. Its asset portfolio includes six processing facilities (mills, bakeries, canning plants), the “Olimp” and “Olimp-Agro” grain elevators, as well as the Kamyansky Machine-Building Plant. According to data from the YouControl analytical system, the company’s beneficial owners are Volodymyr Hetsko and Yuriy Moskalyk.
Cereal Planet Plc has acquired 100% of shares in Olymp LLC, according to a posting on the website of the Warsaw Stock Exchange (WSE).
According to the report, Cereal Ukraine LLC decided to terminate its operations via the reorganization and joining Olymp LLC. The merger is to take place in H1 2018.
According to a posting on the website of Cereal Planet Group, on February 19, 2018 the company acquired corporate rights of Olymp LLC, becoming the sole owner of the company.
Cereal Planet exports cereals to more than 50 countries (China, India, Germany, Italy, UAE, Poland, Turkey and other countries).
The company’s owners are Anatoliy and Oleksandr Vlasenko (with stakes of 33.53% and 29.93%), Oleksandr Slavhorodsky (29.93%) and Ihor Dobruskin (5.5%).
