DGAP-News
KTG Agrar SE continues optimisation strategy with determination
DGAP-News: KTG Agrar SE / Key word(s): Change of Personnel/Disposal
KTG Agrar SE continues optimisation strategy with determination
09.10.2015 / 12:00
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KTG Agrar SE continues optimisation strategy with determination
- Full concentration on conventional and organic cultivation, non-GMP
food and clean energy
- Business model to be optimised through sale of share in Russian
agricultural corporation
- Management board of KTG Agrar SE to be reduced from five to three
members
Hamburg, 9 October 2015. KTG Agrar SE (ISIN: DE000A0DN1J4) continues its
optimisation strategy with determination. Going forward, the company will
focus even more strongly on the cultivation of conventional and organic
agricultural commodities, the production of non-GMP food and the generation
of renewable energy. The agricultural company has therefore decided to sell
its investment in the Russian Sojus Group, an agricultural corporation
focusing on pig production in the Chernozem region.
"Following a thorough review, we have accepted the attractive offer made by
our joint venture partner. Our farming activities will be refocused
entirely on Germany and the EU member states. Our food, which is made in
Germany from the field to the plate, gives us a strong and unique selling
proposition for the international markets," says Siegfried Hofreiter. KTG
Agrar's proceeds from the sale of the Sojus Group will total over EUR 20
million.
In view of the sale, the Supervisory Board and the Management Board have
agreed that specific Management Board responsibility for the Eastern
European market is no longer needed. Benedikt Förtig, the Management Board
member in charge of this department, would like to continue working in this
field. The Supervisory Board has accepted this wish and thanks Mr Förtig
for his work.
The completion of the KTG Group's massive investment phase means that the
contract of Bert Wigger was fulfilled as planned with effect from 30
September 2015. To implement the planned expansion, he had changed from the
Supervisory Board to the Management Board of KTG Agrar in 2011. He will now
work on a self-employed basis and will remain available to the company in
an advisory capacity.
"We would like to thank Benedikt Förtig and Bert Wigger for their motivated
work in the past years. Both have shown strong commitment in different
functions and thus helped to actively shape and grow the KTG Group," said
Henning von Reden, Chairman of the Supervisory Board of KTG Agrar SE. "Over
the past years, a strong operational management team has been built up in
- Full concentration on conventional and organic cultivation, non-GMP
food and clean energy
- Business model to be optimised through sale of share in Russian
agricultural corporation
- Management board of KTG Agrar SE to be reduced from five to three
members
Hamburg, 9 October 2015. KTG Agrar SE (ISIN: DE000A0DN1J4) continues its
optimisation strategy with determination. Going forward, the company will
focus even more strongly on the cultivation of conventional and organic
agricultural commodities, the production of non-GMP food and the generation
of renewable energy. The agricultural company has therefore decided to sell
its investment in the Russian Sojus Group, an agricultural corporation
focusing on pig production in the Chernozem region.
"Following a thorough review, we have accepted the attractive offer made by
our joint venture partner. Our farming activities will be refocused
entirely on Germany and the EU member states. Our food, which is made in
Germany from the field to the plate, gives us a strong and unique selling
proposition for the international markets," says Siegfried Hofreiter. KTG
Agrar's proceeds from the sale of the Sojus Group will total over EUR 20
million.
In view of the sale, the Supervisory Board and the Management Board have
agreed that specific Management Board responsibility for the Eastern
European market is no longer needed. Benedikt Förtig, the Management Board
member in charge of this department, would like to continue working in this
field. The Supervisory Board has accepted this wish and thanks Mr Förtig
for his work.
The completion of the KTG Group's massive investment phase means that the
contract of Bert Wigger was fulfilled as planned with effect from 30
September 2015. To implement the planned expansion, he had changed from the
Supervisory Board to the Management Board of KTG Agrar in 2011. He will now
work on a self-employed basis and will remain available to the company in
an advisory capacity.
"We would like to thank Benedikt Förtig and Bert Wigger for their motivated
work in the past years. Both have shown strong commitment in different
functions and thus helped to actively shape and grow the KTG Group," said
Henning von Reden, Chairman of the Supervisory Board of KTG Agrar SE. "Over
the past years, a strong operational management team has been built up in
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