Business news from Ukraine

ERIDON WANTS TO BUY VAN HOOF UKRAINE SUPPLIER OF AGRICULTURAL EQUIPMENT

3 January , 2020  

Eridon firm could acquire Van Hoof Ukraine Ltd (both from Kyiv region), which specializes in the supply of equipment for poultry and pig farming.
According to materials on the website of the Antimonopoly Committee of Ukraine (AMC), the agency could allow Eridon to buy a stake in Van Hoof Ukraine, which will provide the buyer with over 50% of the voting shares on the company’s board.
Eridon is owned by Serhiy Krolevets. It distributes seeds, fertilizers, plant protection agents and is part of the Eridon group of companies. The group unites five agro-industrial enterprises, a seed plant, and a dairy farm.
According to the state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Van Hoof Ukraine LLC is Ronabelo Limited (Nicosia, Cyprus).
The company operates in various areas of the agricultural sector. It supplies a full range of equipment for poultry and pig farms. It is also engaged in the supply of other new and used equipment (for the production of animal feed, tractors).
Van Hoof Ukraine LLC in 2018 received UAH 27.8 million in net profit compared to UAH 6.4 million in net loss in 2017. The company’s revenue last year increased 40% compared with 2017, to UAH 114.3 million.

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