Agromino anticipates possible difficulties in recovering the prepayment for undelivered fertilizer
Agromino A/S (the “Company”) anticipates possible difficulties in recovering the prepayment for undelivered ammonium nitrate fertilizer in the amount of UAH 40,537,520 (approx. EUR 1.4 million) from a supplier under the contracts for supply of the ammonium nitrate. In December 2016 the Ukrainian subsidiary of Agromino A/S conducted a tender procedure for the purchase of the fertilizer ammonium nitrate. As a result of the tender procedure the reputable Ukrainian company (the “Supplier”) with whom the Agromino Group Ukraine had stable and successful business relationships for the past 5