Home News Acquisition of a shareholding by a subsidiary of AGRIA GROUP HOLDING AD

Acquisition of a shareholding by a subsidiary of AGRIA GROUP HOLDING AD

On 13th of April 2022, Agria Group Holding's subsidiary Bora Energy Ltd. acquired the ownership of 20,000 ordinary registered shares with voting rights, representing 1/3 of the capital of Energy Solar Technologies Ltd., developing activity in field of renewable energy production through the utilization of solar energy by investing in solar parks. Investments in renewable energy projects is within the scope of the business lines of Agria Group Holding JSC, as part of the holding's business model. The ownership acquisition of the shares is executed in accordance to the required legislation procedure, by means of a giro of the temporary certificates representing the shares and entry in the shareholders register. The nature of such investment would lead to long-term cash flow security and sustainability as well as profitability on a group level, in line with investments in the agribusiness and grain trading sectors.