KERNEL (KER): KERNEL TO ACQUIRE OILSEED CRUSHING PLANT FOR USD 96 MILLION - raport 4

UNI - EN REPORT No4/2016

Kernel announces it has entered, on 25 February 2016, into binding documentation to acquire the assets, through an assignment agreement with a Ukrainian bank, of an oilseed crushing plant for USD 95.8 million, payable in arrears over five years. Commissioned in 2012, the world-class facility has an installed crushing capacity of 560,000 tons of sunflower seed per year. The production plant, where Kernel currently operates through a tolling agreement, is located in Kirovohrad region of Ukraine and fits well into Kernel's existing origination and marketing platform.