Trigon Agri A/S announces that it has completed the divestment of its Rostov cluster.
Trigon Agri A/S announces that it has completed the divestment of its Rostov cluster. As reported in the past the Company took the decision to divest this non-core asset as a means of reducing the Company’s overall financial leverage and for the reason that it considers climatically the region to be of high risk, being prone to drought and as a consequence carries volatile and unpredictable crop yields. The sale of the Rostov cluster has generated proceeds in total of EUR 13.3 million, this comprising of the land, buildings, machinery, and work in progress costs until April 1st 2016. The