EANS-Adhoc: AGRANA plans strategic partnership with the shareholders
of Serbian company Sunoko via majority participation
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Mergers - Acquisitions - Takeovers
29.06.2016
In order to implement a strategic partnership with the shareholders of Serbian
company Sunoko d.o.o., AGRANA Beteiligungs-AG has signed a term sheet with
regard to achieving agreement about majority participation. The next step
consists of due diligence processes. The conclusion of the contract is subject
to the approval of the supervisory board of AGRANA Beteiligungs-AG. This
partnership is also subject to subsequent approval by the anti-trust
authorities.
In its Sugar segment, AGRANA maintains operations in Bosnia-Herzegovina,
Romania, Slovakia, the Czech Republic and Hungary besides Austria. In the course
of the last sugar beet campaign, 2015|16, a total of around 5.4 million tonnes
of beet were processed into approximately 800,000 tonnes of sugar.
About Sunoko d.o.o.
Sunoko d.o.o. is a wholly-owned subsidiary of Agri Europe Cyprus. With three
sites in Kova?ica, Vrbas and Pe?inci (all in Serbia / Vojvodina), SUNOKO is the
largest sugar beet purchaser in the country and in the Balkan region. The
company annually processes around two million tonnes of sugar beet, grown on
more than 40,000 hectares of land, to produce approximately 300,000 tonnes of
sugar. Serbia has duty-free access to the EU market for a quota of 180,000
tonnes.
This announcement is available in German and English at www.agrana.com.
Further inquiry note:
AGRANA Beteiligungs-AG
Mag.(FH) Hannes Haider
Investor Relations
Tel.: +43-1-211 37-12905
e-mail:hannes.haider@agrana.com
Mag.(FH) Markus Simak
Pressesprecher
Tel.: +43-1-211 37-12084
e-mail: markus.simak@agrana.com
end of announcement euro adhoc
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issuer: AGRANA Beteiligungs-AG
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
phone: +43-1-21137-0
FAX: +43-1-21137-12926
mail: info.ab@agrana.com
WWW: www.agrana.com
sector: Food
ISIN: AT0000603709
indexes: WBI, ATX Prime
stockmarkets: Präsenzhandel: Berlin, Stuttgart, Frankfurt, official market: Wien
language: English