Business news from Ukraine

UKRAINIAN A.G.R. GROUP INTENDS TO BECOME PUBLIC COMPANY AND MULLING IPO

6 December , 2019  

A.G.R. Group agricultural holding intends to become a public company and is mulling an IPO, the holding said in a press release. “A.G.R. Group plans to become a public company and enter the international borrowing markets, in particular, IPO,” the agricultural holding said in a statement.
According to Svitlana Korytska, the corporate investment director, A.G.R. Group conducted the restructuring of the holding, received positive audit conclusions from KPMG.
A.G.R. Group is an agricultural holding with 19 companies. Its core business is the cultivation of grain crops, mainly corn and soybeans. The holding is also engaged in animal husbandry and grain storage.
A.G.R. Group enterprises cultivate land in Poltava, Kyiv, Chernihiv, and Sumy regions. The grown products are sold in foreign markets.
The land bank of the agricultural holding is 28,800 ha.
The founder and sole shareholder of A.G.R. Group is Misak Khidiryan.