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NOVAAGRO takes control of AgroGeneration

NOVAAGRO Ukraine LLC (“NOVAAGRO”), a Ukrainian agro-industrial group of companies that operates in several areas: production and export of sunflower oil and wheat flour, poultry farming, transport and storage of grains and oilseeds, has completed the off-market acquisition from Konkur Investments Limited (“Konkur”) of a total of 126,084,106 shares representing 56.90% of AgroGeneration’s share capital and voting rights, for a price of USD 0.036 per share (or € 0.033 per share based on today’s exchange rate). The transfer of shares was executed on October 30th, 2024.

At its plenary session on 29 October, the Verkhovna Rada of Ukraine adopted in second reading the draft law on plea bargaining. This is an indicator under Ukraine’s Plan for the implementation of the EU’s Ukraine Facility programme, which aims to strengthen the anti-corruption infrastructure and improve legislation in line with international standards.

The Minister of Agrarian Policy and Food of Ukraine, Vitalii Koval, took part in the forum of U.S.-Ukraine Business Council (USUBC), which took place on October 22, 2024, in Kyiv.

The event brought together key agricultural leaders for an engaging discussion on the future of Ukraine’s agricultural sector. Vitalii Koval, the newly appointed Minister of Agrarian Policy and Food of Ukraine, and Oksana Osmachko, Deputy Minister of Agrarian Policy and Food of Ukraine, shared their vision for 2025, touching on crucial topics like agribusiness opportunities, international cooperation, and the critical role of demining in Ukraine’s agricultural revival.

The meeting, co-moderated by Leonid Kozachenko, USUBC Senior Advisor and President of the Ukrainian Agrarian Confederation, and Greg Fishman, USUBC Secretary-Treasurer, offered valuable insights and fostered dialogue between government officials and business leaders about the path forward for Ukraine’s agricultural growth.

Ukrainian companies are among the ten largest producers of broilers and eggs in Europe.