Kernel Executed Call Option for Allseeds Acquisition
OREANDA-NEWS. July 05, 2010. Kernel Holding S.A. informs that Kernel Holding S.A. executed the call option agreements to acquire 94% in the Allseeds Group of Companies. As we announced in the current report #5 dd 26.02.2010, the acquisition of controlling interest in the Allseeds Group was approved by Antimonopoly Committee on 25 February 2010. The preliminary Enterprise Value of Allseeds is c.USD 220 million, the final cash consideration to be paid by Kernel being subject to certain adjustments based on 31 March 2010 IFRS audited figures of Allseeds, such audited figures expected to be issued by end of calendar year 2010. The production assets of Allseeds are crushing plants, grain silos and oil transshipment and export terminal, all located in
Комментарии