Avellum Partners advised Kernel Group in connection with binding agreement to acquire 108,000 ha farming business in Ukraine
Avellum Partners announces today that it acted as the legal counsel to Kernel Holding S.A. in connection with a binding agreement to acquire an 80% interest in a farming business that manages 108,000 hectares of leasehold farmland and operates 100,000 tons of grain storage capacity. The purchase price for the shares is USD68 million.
With a highly concentrated and fully-farmed land bank in the southern Chernihiv and Sumy regions and the northern Poltava region, the business is self-sufficient in working capital and is fully-equipped with modern farming machinery.
Kernel Group is one of the largest agricultural groups in Ukraine with a vertically integrated corporate structure, a leader in Ukraine's bottled sunflower oil and oil export market, and one of the country's largest grain exporters.
The transaction was led by Senior Associate, Yuriy Nechayev.
