Astarta, the largest sugar producer in Ukraine, since the beginning of this year has sold Liaschivka (Cherkasy region) for EUR2.7 million, Agrosvit Savyntsi (Kharkiv region) for EUR1.93 million, and 95% of the shares of Novoivanivsky Sugar Factory (Kolomak, Kharkiv region) for EUR837,000, the total value of the sold assets amounted to EUR5.51 million.
According to data posted in the company’s annual report, in February 2021 the company transferred control over 100% of the shares of Liaschivka for EUR2.7 million (UAH 95.24 million). The agricultural enterprise with a charter capital of UAH 962.6 million is engaged in the cultivation of grain and leguminous crops, melons, root crops, as well as breeding cattle.
Astarta clarified that this transaction will be completed by the end of September 2021. According to the unified state register of legal entities and individual entrepreneurs, the ultimate beneficiaries of Liaschivka are Astarta CEO Viktor Ivanchyk and his wife Iryna Ivanchyk, who manage the asset through the agricultural association Tsukrovyk Poltavschyny LLC.
The agricultural holding noted that in March 2021 it sold to Serhiy Hrynko 100% of the shares of Agrosvit Savyntsi LLC for EUR 1.93 million (UAH 63.84 million). According to the unified state register, Serhiy Hrynko, together with Yehor Dorovsky, own C and G company in Kharkiv, which is engaged in renting out real estate.
The agricultural enterprise with a charter capital of UAH 2,000 is engaged in the cultivation of grain and leguminous crops, melons, root crops, as well as the cultivation of spicy, aromatic and medicinal crops.
In addition, in February 2021, Astarta sold 95% of shares in Novoivanivsky Sugar Factory for EUR 837,000 (UAH 28.5 million). Earlier it was reported that the agricultural holding is selling the asset due to a lack of raw materials in Kharkiv region, since sugar beets are not grown near this enterprise due to dry weather conditions.