Dragon Capital Appointed as Financial Advisor to Allseeds Group Minority Shareholders
Kyiv, May 28, 2010 – Cross Trade & Commodity Finance, a company owning approximately 6% in Allseeds Group, one of the largest producers and exporters of vegetable oil in Ukraine, have appointed Dragon Capital as financial advisor and Allen & Overy LLP as its legal advisor to represent it in the negotiations for sale of its stake to the majority shareholder and to assist the company in protecting its rights as minority shareholder in light of the plans of the majority shareholder to restructure Allseeds Group and its subsidiaries, including, but not limited to, the Ukrainian operations.
In January 2010, Kernel Holding S.A. entered into a call option agreement to acquire a 56.4% controlling interest in Allseeds. Dragon Capital acted as financial advisor to minority shareholders Viacheslav Petryshche and Cornelius Vrins in a sale of their 37.6% stake in Allseeds to Kernell Holding S.A. which was completed in February 2010.
About Allseeds Group
Allseeds Group is one of the world leading producers and exporters of vegetable oil. In 2007 Allseeds held 10 % of sunflower-seed oil’s world trade and 17 % of crude sunflower oil imports into the European Union. The company is the third largest producer of crude sunflower oil in Ukraine with a 25-27% market share of sunflower oil exports from Ukraine.
Allseeds operates two sunflower seed crushing facilities with 565 kt/year capacity in Kirovograd and Mykolayiv regions. It also owns 16 grain storage facilities with 600 kt/year capacity; 11 seed purchasing stations, a sunflower oil transshipment terminal in Mykolayiv with 1.0 Mt throughput capacity and a truck fleet.
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