Agrokultura has invested in farmland and has produced agricultural commodities in Eastern Europe since 2007. Using modern western equipment and techniques, Agrokultura delivers market leading yields in the fertile regions in which it operates.
Its land bank of over 200,000 ha produces a variety of agricultural commodities such as wheat, rapeseed, barley, corn, sunflower and sugar beet which are sold for domestic and export consumption. Local and international management expertise combines to deliver an attractive return on capital for its shareholders.
July 2016 – Update on compulsory purchase process:
During 2015 Magna Finance Investments Limited commenced proceedings to purchase shares owned by the remaining minority investors. This process is controlled by an arbitration panel, with all but three minority shareholders being represented in proceedings by a trustee. An application has been made to obtain advanced title to the minority investors shares with an undisputed redemption price of 4.5 SEK per share, which would be distributed by Euroclear to each shareholder’s directly registered proceeds account registered with Euroclear. Advanced title to the minority shareholder’s shares is expected to be obtained during August 2016. For shareholders holding their shares with a custodian, the amount will be distributed to the custodian, which will pay out the amount to the shareholder. At the same time, the minority shareholder’s Agrokultura shares will be distributed to Magna, which will then hold 100% of the shares in Agrokultura. Should the arbitration panel rule a higher redemption amount, this shall be paid to the shareholders in due course, which may take 1 to 2 years.
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