Ukrros to Increase Land Area by 20-30 ths ha in 2008
21 March 2008
According to Interfax, Ukrros (UROS: BUY) plans to expand its land area under lease by 20-30 ths ha by yearend: 10-15 ths ha before the sowing campaign and the rest this autumn. Currently, the company leases 60 ths ha. Company Co-owner Sergei Fedorenko confirmed Ukrros’s plans to conduct an IPO in 2009-2010. Olha Pankiv: The company’s plan in terms of increasing land under lease is in line with our projections. We reiterate BUY.
