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KTG Agrar SE: By Fosun International Limited controlled Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG Agrar SE - Seite 2
continuously upgrading lifestyles. In rapid succession, Fosun, together
with funds under its management has invested in French holiday resort chain
Club Med, world's leading producer of high-quality live artistic
entertainment Cirque du Soleil, Greek fashion brand Folli Follie, high-end
Italian tailored menswear company Caruso, American luxury women's apparel
company St. John, leading German fashion and lifestyle brand TOM TAILOR,
Hollywood movie company Studio 8 and British travel company Thomas Cook.
Fosun also invested in BHF-BANK, one of the largest independent private
banks in Germany. Fosun has leveraged its strengths to open up new channel
resources, and has worked hard to help these brands grow rapidly in China.
"We are really honored to corporate with KTG group. With the continuous
growth of consumer demand in the Chinese market, Fosun will be paying
increased attention to investments in health related industries. As our
first investment in an organic food and agricultural business, we continue
to consequently implement our strategy 'Combining China's Growth Momentum
with Global Resources' for a new sector. As one of the leading producers of
agricultural commodities in Europe, KTG has high quality products and
well-known brands. Its proven business model is worthwhile spreading and
applying globally, especially in the Chinese market. With our resources
and competitive advantage, we will support the KTG Group by not only
introducing its brands to the Chinese consumers but also helping the
Company to expand into the Chinese marketplace," explains Wang Qunbin,
President of Fosun.
About KTG Agrar SE
With cultivable land of over 45,000 hectares, KTG Agrar SE (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities, renewable energy and food. The Hamburg-based company's core
area of expertise is the organic and traditional cultivation of market
products such as cereals, potatoes, soy and rapeseed. KTG Agrar is the
European market leader in organic market products. The company mainly
produces in Germany but since 2005 also in the EU member state of
Lithuania. Through the takeover of the companies Frenzel Tiefkühlkost and
Bio-Zentrale Naturprodukte, KTG Agrar SE has been expanding the value chain
since 2011 and added food production to its business portfolio. In 2014,
KTG Agrar SE achieved a total output of EUR 297.7 million and an EBIT of
EUR 37.1 million. The company has been listed on the Frankfurt Stock
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