BUSINESS NEWS

Ukrainian agribusiness giant unveils plans for the country’s first IPO since 2012

The Business Week/UkraineInvest
Sunday, 14 October 2018 23:38

In another indication of growing confidence within the Ukrainian agribusiness sector, leading sunflower oil company Allseeds has announced plans for the country’s first overseas Initial Public Offering (IPO) since 2012, which would also be the first Ukrainian agribusiness sector IPO since 2011.

Company officials told Reuters they are considering Hong Kong, Singapore and Toronto as potential venues for the IPO. The move comes as part of ambitious Allseeds development plans for the next four years that will also include a USD 140 million investment into new vegetable oil processing facilities. Ukraine is currently the world’s largest exporter of sunflower oil.

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