OREANDA-NEWS. October 15, 2010. Kernel Holding S.A. informs that on 8 October 2010 a Subsidiary of Kernel Holding S.A. entered into a preliminary agreement to purchase the farming enterprise for a total consideration equivalent to USD 1.6 million. The assets of the farming enterprise include lease rights on 2 356 ha of land in the region of Kirovograd (the lease period is up to 7 years), the value of the lease rights being estimated at USD 265 per hectare, plus farming equipment, inventory and biological assets. The transaction is to be finalized by January 2011.