PZU increases its stake in Astarta Holding up to 3.6%

12 February 2017

After accumulating more than 10% of Kernel Holding, PZU increased its stake in the largest Ukrainian sugar producer and soybeans crusher Astarta as well.

According to the statement on web-site of the company one of the largest financial institution in Central and Eastern Europe purchased 159k shares of the company on February 6, so now total stake of PZU in Astarta exceeds 3% and stands at 3.63%.

In September16 another Polish investment company Aviva Investors accumulated more than 3% in Astarta, while main news of the last months regarding the largest Ukrainian sugar producer and exporter is that Canadian investment company Fairfax purchased 10% stake in Astarta and has an option to buy additional 17.6%. We expect it to be executed in the nearest future.

Share price dynamics of Astarta Holding during last 3 years looked as follows (source - site WSE):

Astarta Holding share price dynamics

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Quarterly sugar sales of Astarta reached its peak in Q4 2016
In January 2017 Ukrainian sugar export made 65k tons
TOP-5 groups accounted for 80% of Ukrainian sugar export in Y2016

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