Business news from Ukraine

BENEFICIARY OF NEMIROFF MAY INCREASE STAKE IN ROSTOK-HOLDING

Samoran Investments Limited (the British Virgin Islands) of the beneficiary of Nemiroff, Yakiv Hrybov, which owns 49.9% in the Cypriot company Rostok Agroinvest Limited, which owns Rostok-Holding, may increase its stake to a controlling one.
The relevant permission was granted to Samoran by the Antimonopoly Committee of Ukraine on January 21, according to its website.
In addition, the AMCU allowed an as yet unnamed citizen of Ukraine to acquire three Rostok-Holding enterprises through Cyprus-based Zichino Limited: Novhorod-Siversky Elevator LLC, Demor and Novhorod-Siversky Agrarian Investments.
Rostok-Holding is a vertically integrated agro-industrial group specializing in the cultivation and sale of grain crops, the production, processing and sale of dairy products, and grain trading. The group includes three elevator complexes with a storage capacity of 104,000 tonnes and dairy farms in the Chernihiv and Sumy regions with a livestock of about 2,700 animals, including a milking herd of 1,300 animals. The group’s land bank is declared on its website in the amount of about 60,000 hectares

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AGRO-INDUSTRIAL GROUP ROSTOK-HOLDING REDUCES GRAIN HARVEST

Rostok-Holding agro-industrial group has completed harvesting early grain crops, threshing 69,400 tonnes against 71,100 tonnes in 2017. According to the group’s press release, winter wheat was harvested on an area of 6,700 hectares (in 2017 some 7,700 hectares). The gross yield totaled 40,900 tonnes (51,100 tonnes), the yield was 6.1 tonnes/ha (6.7 tonnes/ha). On some fields the yield reached 8.7 tonnes/ha.
The group increased the gross harvest of spring barley by almost 1.5 times, to 25,100 tonnes (in 2017 some 17,500 tonnes) from 5,100 hectares (3,300 ha). The average yield was 4.9 tonnes/ha (in 2017 some 5.3 tonnes/ha). On some fields the yield reached 6.7 tonnes/ha.
Peas were harvested on an area of 1,100 hectares (in 2017 some 1,000 hectares). The group harvested 3,400 tonnes (2,500 tonnes). The average yield was 3 tonnes/ha (in 2017 some 2.6 tonnes/ha).
In 2018 the share of winter wheat in the structure of the company’s areas under crops stood at 12%, spring barley at 9%, and peas at about 2%.
Rostok-Holding, established in 2010, is a vertically integrated agro-industrial group. It specializes in the cultivation and sale of grain crops, production, processing and sale of dairy goods, grain trading.

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