Milkiland will become a sole owner of Ostankino Diary Plant
2012-07-02 14:20:18
According to the official information released by Ostankino Diary Plant Milkiland will purchase remaining 15% of the company’s shares from minority shareholders. The transaction is evaluated at USD 5 M. Minority shareholders received respective offer of acquisition on June 21st, as the total volume of shares amounts to 406 059 of approximately 15% of the total shares. Entire value of the plant is estimated at USD 34.5 M. Ostankino Diary Plant is the only subsidiary company of Milkiland agro holding in Russia.
AgroInvest comment: Acquisition will most likely lead to faster decision making process regarding Russian company by Milkiland management board.
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