Business news from Ukraine

PFEIFER&LANGEN CLOSES DEAL ON PURCHASE OF SIX T-TSUKOR SUGAR REFINERIES

26 January , 2017  

KYIV. Jan 26 (Interfax-Ukraine) – Pfeifer & Langen (Germany) has closed a deal on the acquisition of six sugar factories in Ternopil region, previously owned by T-Tsukor holding.

“We’ve purchased six T-Tsukor factories: Borschiv, Buchach, Zbarazh, Kozova, Lanivtsi and Khorostkiv sugar factories (Ternopil region),” Director of Radekhiv Sugar LLC Vitaliy Sikorsky told Interfax-Ukraine.

The financial partner of the transaction was Bank Pivdennyi.

As reported, T-Tsukor, which owned the abovementioned six plants in Ternopil region and Horodenka plant in Ivano-Frankivsk region, was controlled by the Huta family.

Until 2014 T-Tsukor sugar holding had been one of three leaders in sugar production in Ukraine, but in 2014 the factories were standing idle.

Pfeifer&Langen is the largest European producer of sugar. The company, in particular, owns sugar factories in Germany, Poland, Romania, Italy, Hungary, Slovenia, the Czech Republic, and Ukraine. In Ukraine, it owns Radekhiv sugar factory (Lviv region) and Chortkiv sugar factory (Ternopil region).