The Antimonopoly Committee of Ukraine (“AMCU”) by its resolution dated 8 July 2011 retrospectively permitted DE “Milkiland Ukraine”, a wholly owned Ukrainian subsidiary of Milkiland N.V., to obtain control over 7 enterprises in Sumy region. The decision covers assets operated by the Group for some years.
Comment of Fredrick Aherne, CEO, Milkiland N.V.:
“We are happy to receive retrospective permissions from Antimonopoly Committee of Ukraine and put Group’s structure in line with Ukrainian antimonopoly requirements. This eliminates legal risks and facilitates further acquisitions in Ukraine.”
About Milkiland N.V.
Milkiland is a TOP-5 diversified dairy producer operating in Russia and Ukraine offering a wide range of dairy products such as fresh dairy, cheese, and butter, to satisfy consumers in their everyday needs for healthy and tasty foods.
In Russia, the company produces fresh dairy products at Moscow-based OJSC “Ostankino Milk Combine” and sells under Ostankinskaya brand. Also, Dobryana Ukrainian cheese is sold in many Russian cities, including Moscow, St. Petersburg, Voronezh, Nizhniy Novgorod, Saratov, Kaluga, Chelyabinsk, Orel, Ekaterinburg, Omsk, and Kaliningrad.
In Ukraine, the company controls 10 plants producing wide range of dairy products. Its cheese, fresh dairy products and butter are widely available across all Ukrainian cities under brands Dobryana and Kolyada. Milkiland exports dairy products from Ukraine to over 30 countries.
The revenue of the company in the year 2010 was EUR 258mn, net profit EUR 22mn.
Milkiland N.V. is a Dutch holding company controlling the Group. DE “Milkiland Ukraine” is its 100% subsidiary controlling the business of the Group in Ukraine. Shares of Milkiland N.V. have been listed on the Warsaw Stock Exchange since December, 6, 2010.
For more information please contact:
Sergey Trifonov, IR Officer of Milkiland N.V.
tel. + 380 67 327 9838