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Milkiland NV
Acquisition of agricultural subsidiaries

14-12-2011


KOMISJA NADZORU FINANSOWEGO
Raport bieżący nr 16 / 2011
Data sporzÄ…dzenia: 2011-12-14
Skrócona nazwa emitenta
MILKILAND N.V.
Temat
Acquisition of agricultural subsidiaries
Podstawa prawna
Inne uregulowania
Treść raportu:
The Board of Directors of Milkiland N.V. (the "Company") hereby informs that DE “Krasnosilke moloko" and LLC “Milkiland Agro" (subsidiaries of Milkiland Group) acquired 100% of the chartered capital of ALLC “Nadiya" and LLC “Zemledar 2020" both located in the Bakhmach region of the Chernihiv oblast, which grant a right to 100% of voting rights at the general participants meeting of these companies respectively.
ALLC “Nadiya" and LLC “Zemledar 2020" are agricultural companies which hold together approx. 1,700 hectares of arable land under lease and about 150 milking cows.
The acquisition of these companies is aimed to develop the Group’s raw material supply chain. After this acquisition, the Group’s arable land bank increased to c.19,800 hectares, milking cows headcount to about 2,750 heads.

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