KSG Agro will issue shares for GEM
2012-07-03 12:58:15
As a part of USD 24 M loan shareholders of KSG Agro approved share issue in favor of U.S. direct investment fund Global Emerging Markets Limited (GEM) in the framework of a loan agreement, signed back in May. GEM will become minority shareholder of the company allowing further investment potential for KSG.
AgroInvest comment: KSG Agro has been one of the most active holdings in terms of attracting additional investment resources during 2012. Deal with GEM was followed by loand received from Alfa-Bank (Ukraine). Funds attracted will be used for increasing land bank of the company and modernization of its equipment.
For more detail please refer to the UAIndex Daily (July 3 issue).
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