EBRD to buy a share in a British sugar producer in Ukraine
2012-07-05 10:21:29
The EBRD intends to become a shareholder of the British company ED&F Man in Ukraine. It is planning to invest USD 15.9 Ml in the acquisition of a minority stake and to buy and install sugar beet processing equipment.
The European Bank for Reconstruction and Development is going to become a shareholder of ED&F Man in Ukraine, according to the Bank’s report. It reads that “The EBRD is considering the possibility of investing USD 15.9 Ml into ED&F Man in Ukraine in order to acquire a minority stake and purchase and install sugar beet processing equipment.” The EBRD Board intends to consider this project on July 24. Its cost totals USD 69 Ml.
Please remember that in May the Antimonopoly Committee permitted Continental Farmers Group (the Isle of Man), which owns assets in Ukraine, and ED&F Man Holdings (United Kingdom) to create a joint venture for sugar beet production in Ukraine.