During 2011 Milkiland concentrated its efforts at acquisition of agricultural subsidiaries in order to strengthen the Group’s raw materials supply chain.
Kiyv, 23 December 2011 – On December 22, 2011, the Parliament (Verkhovna Rada) of Ukraine adopted a Law of Ukraine on amendments to the Tax Code of Ukraine stipulating partial restoration of the system of compensations paid to producers of raw milk, which was in place before January 1, 2011.
Kyiv, 31 October 2011 – In its survey “Corporate Governance in Ukraine: Passing go”, Concorde Capital rated Milkiland TOP-10 in terms of quality of the corporate governance system and its value for the minority shareholders and investors.
On October 14, ART CAPITAL distributed Equity Research update on Milkiland N.V. shares with a Buy recommendation and a 12-month target price of USD 8.7 (PLN 27.08) per share (30% upside).
In the past four months, 16 milk cooperatives supported by the Milkiland Group have started their operations in 12 regions of Ukraine. These cooperatives were established as unions of individual dairy farmers aimed to help them in developing of milk production infrastructure.