KYIV. Feb 24 (Interfax-Ukraine) – KSG Agro (Luxembourg) with assets in Ukraine plans to change it’s business strategy from 2015 and next years by switching from harvesting of crops to meat production.
The company said on the Warsaw Stock Exchange (WSE) on Tuesday that the Group in process of calculation and analysing possibilities of such change and expects enhance of liquidity and profits. In case new strategy finally adopted the group the part of land ha will be sold to third parties.
Big Dutchman Pig Equipment GmbH sued from September 01, 2015 Group Component Rantie LLC for repayment UAH 101,340 ($ 4,600). As at February 15, 2016 negotiations were held between KSG Agro and representatives of the counterparty. As a result KSG Agro received a restructuration plan which is in the process of signing.
KSG Agro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products. The total arable land leased by the company is around 63,000 hectares.
