Cargill buys 5% of Ukrlandfarming for $200 mln - media

Cargill buys 5% of Ukrlandfarming for $200 mln - media:

"The world's largest raw materials trader, Cargill, has acquired a 5% stake in Ukrlandfarming, Ukraine's largest agricultural holding in terms of land bank, for $200 million, the Financial Times edition has written.

"The acquisition of 5% of Ukrlandfarming intensifies Cargill's presence on the agricultural market, one of the most promising in the world," reads the report.

Given the amount of the transaction, the newspaper reads, the total cost of Ukrlandfarming's land bank, the eighth largest land bank in the world, was estimated at $4 billion.

According to Financial Times, Cargill confirmed its five-percent stake in the holding, while noting that it has no intention to manage the business of the latter."

'via Blog this'