Dutch Development bank FMO and DCP jointly acquired a 16% equity stake in Allseeds, providing financing to realize Allseeds ambitious growth strategy which includes the expansion of its processing and transshipment capacities, additional steps of vegetable oil processing and value-added, and the improvement of corporate governance, environment, and social standards.
This equity investment should position Allseeds on the path to becoming a leading agriculture commodities processing and transshipment hub in the deepest Ukrainian port Yuzhny, increasing the level of in-country value-add and improving links with the biggest global markets.
Pressconference
The news was announced during a press conference in Yuzhny port on October 10. Jorrit Dingemans (FMO) stated the following: "The Dutch Development bank FMO recognizes the potential of the agricultural sector in Ukraine. Equity Fund DCP introduced us to Allseeds and we very impressed that the company was able to build the new plant from scratch in 7 years. The opportunity for us to become a shareholder was an honor. It fits in our strategy to support the development in Ukraine and also to contribute to 'Feeding the world together'. Ukraine plays an important role in this as food basket of the world. We are looking forward to support Allseeds in their growing strategy."
Read full report here
Information in Russian: http://agroportal.ua/news/novosti-kompanii/allseeds-investiruet-200-mln-v-razvitie-i-maslichnyi-khab/