Agria Group Holding (A72 BU) to acquire sunflower oil producer Kehlibar, the company announced in a statement to the stock exchange. The acquisition is to be finalized in August 2016. No details on the acquisition price were announced.

Agria investment plan

The deal is part of Agria’s investment plan to increase its agricultural potential and further diversifying its operations. Kehlibar is specialized in the processing and storage of grain, seeds and other commodities and as well as in sunflower refined oil production. In FY2014, it reported BGN 33.2m of revenues, up 20.8% y/y, and BGN 1.7m of net profit, up 4.8x y/y.

On the stock market

Agria Group Holding (A72 BU) shares went up 5.4% yesterday reaching BGN 10.50 per share.

About Agria

Agria Group is a holding that includes companies in the field of agri- cultural production and grain trade and processing. The grain trade and export contribute to the majority of consolidated revenues. Agria has developed an effective full service grain trading structure from providing of raw materials to delivering ready grain to the Constanta, Varna and Burgas Ports’ cargo terminals at the Black Sea. The assets of the Group include grain storage capacity of 150,000 tons and a mill with 30,000 tons annual capacity. The agricultural production is the second largest segment in the Group. The main cultures grown are wheat, barley, corn, sunflower and rapeseed. The cultivated area in 2014 were 20,000 ha, of which 5,300 ha own land. Agria’s subsidiaries trade with nutrients, chemicals for plant protection, fuels and lubricants. The Holding’s operations include import of sowing-seeds made by global plant breeding companies like Mon- santo and KWS SAAT as a partnership to finance the production of rapeseed and wheat for the region of Northeast Bulgaria. Agria is a GMO-free producer.

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