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KSG Agro increases land bank to 59,300 ha after Parisifia acquisition

KSG Agro increases land bank to 59,300 ha after Parisifia acquisition

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.

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