Razgulay Group Acquires 7.58% of Its Shares
OREANDA-NEWS. January 14, 2011. Shares were consolidated on a subsidiary of the Group (RAZGOULIAY-UKRROS GROUP LIMITED) at a price close to market. Payment is made through the transfer of assets of the Group and does not require the diversion of funds. These shares may be used as a source of financing for the Group.
"The transaction allowed us to realize non-strategic assets in exchange for shares of the Group which have, by our estimates, significant growth potential" - says Rustem Mirgalimov, Chairman of the Board of Directors of the Group.
Razgulay Group - the largest national agro-industrial holding which unites three branch directions - grain, agricultural and sugar, and also division on interaction with retail networks. Into holding enter 12 elevators, 7 flour-grinding enterprises, 3 grain factories, 10 sugar factories and dairy-canning industrial complex. Under the Group control there is more than 460 thousand in hectare of land, including 332 thousand in hectare – in handling in 2010.
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