27 December 2011
Kernel (KER PW) announced on Monday it agreed to acquire a farm that manages 2.75 ths ha of land in Kirovograd region for USD 2.5 mln (USD 909/ha). Kernel estimated it paid USD 323/ha for leasing rights, with the remainder paid for PP&E and agriculture produce. This acquisition will result in a minor increase in Kernel’s landbank, which was 210 ths ha as of September 2011.