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
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.
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
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
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