21 October 2011
KSG Agro (WSE: KSG PW) announced yesterday that it finalized an agreement to acquire 50% of Parisifia Trading Ltd, a Cyprus-registered holding company with Ukrainian agricultural assets, according to a statement on the Warsaw Stock Exchange. As a result of the transaction, KSG Agro said it increased its total arable land under lease to 59,300 ha. Parisifia Trading Ltd controlled three entities, Rantie LLC, Factor D LLC and Agrotrade LLC, all of which had land in Dnipropetrovsk region, which is KSG Agro’s target region. Rantie LLC owned a livestock production complex with facilities for pig production, cattle breeding, milk farming and pig breeding.