Agria Group Holding finalizes the acquisition of oilseed processor and sunflower oil producer Kehlibar, the company announced in a filing with the stock exchange.
The deal has been registered with the Trade Registry on September 9th after being signed on August 30th . Agria paid 14.8m for 100% of Kehlibar with the latter delivering sales of BGN 40m and net income of BGN 3.5m in FY 2015.
The deal is part of Agria’s investment program aiming to diversify its operations and increase the Group’s grain processing and export capacity. Kehlibar is among the biggest sunflower oil producers in Bulgaria as well as a big player in the agricultural products trading and logistics.