Compulsory purchase of BBAH Sweden AB completed
Alpcot Agro has completed the compulsory purchase of the remaining 4.8 percent of the shares in BBAH Sweden AB (“BBAH”) and now controls 100 percent of BBAH. The total consideration paid for the shares acquired amount to SEK 3.2 million plus interest.
Alpcot Agro acquired 95.2 percent of the shares in BBAH and gained control of the company in January 2010. The acquisition was made through an issue in kind of Alpcot Agro shares. BBAH was at the time in financial distress and in a reconstruction process. The assets acquired as part of the transaction was a farming business in Kaliningrad region in Russia, which included 15,000 hectares of land, a large livestock unit as well as various machinery and equipment.
Stockholm, 7 November 2012
For additional information, please contact:
Investor Relations: Tel: 46 8 463 3940
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 and livestock production and other related operations in Russia and Ukraine. 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.