KIEV, UKRAINE — Ukrlandfarming announced on Jan. 13 that Cargill has purchased a 5% stake in the Ukrainian agriculture group.
Ukrlandfarming said the deal took place in late 2013. The company is Ukraine’s major producer of eggs, grain, meat and sugar.
"The agreement with Cargill indicates an important step for Ukrlandfarming in developing our international presence and export potential," Ukrlandfarming Chief Executive Officer Oleh Bakhmatyuk said in a statement.
Several other projects, including logistics, are being discussed between Cargill and Ukrlandfarming, said the Ukrainian company.
It said ULF was working with Cargill's grain division to satisfy Cargill's particular needs for grains in Ukraine.
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