Dakor Agro Holding (DAH), formed through the merger of Dakor West (DAKOR:UK; WI81:GR) and Land West (4K1A:GR), is pleased to provide investors with an update on spring sowing campaign.
"Land West Company" is a structured holding, engaging about 50 estates in Zhytomyr, Rivne, Khmelnytsky and Ternopil regions.
The strong enterprises taking independent decisions daily are the core of the group "Land West". The period of establishment of the most profitable and successful businesses, involved in the group "Land West" can be traced to the 1950-s, the bulk of the enterprises has been operating on the market of agricultural products since 1997, in other words- more than a decade.
The activities in the province of sales co-operation and coordination of entrepreneur measures of the enterprises, included into the group of " Land West" have been in active stage since 2000, and the final and decisive cohesion of all the constituents came into the full effect in 2004.
Within the period of 2004-2007 "Land West Company" created and established a powerful infrastructure, production and technical facilities, succeeded in applying a wide experience in business operations in crop-growing and cattle-breeding, technologies of cultivating the soil and cultivation of agricultural plants in the climate conditions of Ukrainian Polissya and forest-steppe.
Solid financial assets, a wide experience of manufacturing and investment activities of the managers, deliberate financial and operational plans have enabled an attraction of new investments to enhance the company.
In December 2007 the group of companies "Land West" completed a partial placement of the corporate stocks among foreign investors. The project was carried out by the way of establishing a holding- Kremney Public Company , which became the emitter of the global depositary warrants, issued by the depositary-bank- The Bank of New York. The total amount of the depositary warrants has come to 2, 5 mln dollars, with a nominal or face value $17,2 per share, correlating 2:1 to the corporate share of the company. The whole placement of the warrants was bought up by the significant overseas institutionary investors, mainly from United Kingdom and mainland Europe. An investing bank Concorde Capital, which ensured the sales of 20% of the "Land West" shares to the foreign investors and attracted approximately 43 mln $ to the statutory has become an exclusive financial counsellor and organiser of the placement. As the result of the undertakings mentioned above the overall capitalization of "Land West Company" has totalled 215 mln dollars.
On the 13th of December 2007 the securities of Kremney Public Co- a holding company for Land West were quoted on the official list on Frankfurt Stock Exchange :
Land West is a part of Dakor Agro Holding created through the merger of DakorWest and LandWest at the end of September 2009. The consolidation results in establishing of a vertically integrated leading sugar producing and agriculture company in Ukraine with 106,000 Ha of agricultural land under control, 4 producing sugar plants, commensurate fleet of modern machinery, and company owned logistics and storage.
Follow this link to visit corporate website of Dakor West: