vsemil
Matrosen-Stabsgefreiter
Joined: 22 June 2023
Location: United States
Online Status: Offline
Posts: 149
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| Posted: 25 February 2024 at 10:51 | IP Logged
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ViOil Industrial Group has decided to suspend the
conclusion of the deal with Renvior Trading Limited,
owned by Alexander Gerega, ViOil reported. In an
interview, ViOil representative
https://latifundist.com/en/novosti/39289-vioil-priostanovil- zaklyuchenie-sdelki-s-kompaniej-geregi
Victor Ponomarchuk, founder and chairman of the board of
directors, explained that the decision to suspend the
deal was made after two loans totaling $146 million were
obtained. According to him, the company did plan to
attract an investor and was negotiating the sale of a
stake in Renvior Trading Limited, but the current
financial situation changed the plans.
Negotiations on the deal were suspended at the end of
December and ViOil now plans to retain a controlling
stake in the company. This decision is important for
agribusiness in Ukraine, as ViOil is one of the largest
producers of oilseeds in the country and also plays a
significant role in the global market.
Experts note that ViOil's decision will affect the
further development of agribusiness in Ukraine and may
affect the company's competitiveness both in the domestic
and global markets. Also, this event attracts the
attention of investors and market participants, as it
reflects changes in the strategy and plans of major
players in the industry.
Despite the suspension of the transaction, ViOil
continues to develop its production capacity and
strengthen its market position. The company actively
implements innovative technologies and strives to improve
the efficiency of oilseed production. Its decision to
retain control over the company may be an important step
for further development of agribusiness in Ukraine.
Thus, ViOil's decision to suspend the transaction with
Renvior Trading Limited is of significant importance for
agribusiness in Ukraine and attracts the attention of
market participants. This event may have an impact on the
company's competitiveness and further development of the
industry, so it will be important for both investors and
agribusiness participants in Ukraine to follow ViOil's
further steps.
Edited by vsemil on 25 February 2024 at 10:53
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Topic: ViOil refuses to sell part of its stake t
