Alpcot Agro AB completes the acquisition of Landkom International PLC
Result of the Court Hearing and Approval of the Antimonopoly Commission of Ukraine.
Alpcot Agro is pleased to announce that the High Court of Justice of Isle of Man has sanctioned the Scheme and the Antimonopoly Commission of Ukraine has approved the Acquisition.
All conditions to the Scheme have now been satisfied and the Scheme will become effective today 27 January 2012.
Joakim Ollén, Chairman of the board of Alpcot Agro, comments:
“We are very excited about the combination of Alpcot Agro and Landkom. This combination creates a global agricultural company with almost 280,000 hectares of controlled land across Russia and Ukraine. A number of synergies will lead to a lower cost structure and improved operational efficiencies in the combined entity going forward.”
Katre Saard, Director of Alpcot Agro Ukraine, comments:
“We are confident that the acquisition of Landkom is creating value for our shareholders. We also welcome Landkom’s shareholders to Alpcot Agro, and the combined group is now one of the largest investors in the Ukrainian farming sector. Alpcot Agro’s increased focus on Western Ukraine, with its plentiful rainfall and proximity to the EU, places Alpcot Agro in a favourable position to benefit from the excellent conditions for farming companies in the region.”
For more information, please contact:
Joakim Ollén, Chairman, +46 (0)703 542 407
Katre Saard, Director of Alpcot Agro Ukraine +44 (0)79 798 55557
About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's business idea is to generate an attractive return on invested capital by optimally utilizing the Company’s agricultural land bank through crop production, dairy farming and other similar operations in Russia and the other CIS states. The shares in Alpcot Agro are listed on First North under the ticker ALPA and the Company’s Certified Adviser is Remium Nordic AB. Additional information is available on www.alpcotagro.com.