Home News Acquisition of shareholding from AGRIA GROUP HOLDING AD

Acquisition of shareholding from AGRIA GROUP HOLDING AD

On 13th of July 2022 Agria Group  Holding AD has concluded a contract for the acquisition in the procedure provided for by the legislation (through a contract for the transfer of company shares with notarized signatures and content under Article 129 of the Commercial Law) of the ownership of 100% of the shares of the capital of the trading company AgriVia Oil Ltd., developing activities in the field of trade in grain oil seeds and vegetable oils.

The production and trade of grain oilseeds and vegetable oils are within the scope of Agria Group Holding AD's activities as part of the holding's business model. The nature of such an investment would lead to long-term cash flow security, sustainability, and profitability at a group level, in line with investments in the agribusiness and grain-trading sector.

There are no related and/or interested parties involved in the transaction. The transaction does not fall within the scope of Article 114(1) of the Securities Act, as this type of transaction, in accordance with the scope of activity of Agria Group Holding AD, in line with the provision of Article 114(10) of the Securities Act, is in the ordinary commercial activity, representing the sum of actions and transactions performed by the company within the scope of its business and in accordance with the ordinary commercial practice.

The transaction ensures the implementation of part of the investment program of the holding in the direction of strengthening the processing and export orientation of the company in line with the long-term development strategy. Combining the business potential of Agria Group Holding AD and AgriVia Oil Ltd. in the direction of trade and logistics of bulk grain (oilseed grains) and vegetable oils, represents a sustainable foundation for future successful development and diversification of the business lines developed by the company.