Milkiland Group warmly wishes Merry Christmas and Happy New 2019 Year to our shareholders, customers, partners and friends.
In 9 months of the year 2018 Milkiland Group delivered the positive financial result of the business at EBITDA level.
On 5 October 2018, Economic Court of the city of Kyiv opened the legal proceedings against PE “Ros”, the Ukrainian subsidiary of the Milkiland Group, according to the claim from Raiffeisen Bank International AG, acting as Security Agent under the Facilities Agreement with a Syndicate of international banks formed by Raiffeisen Bank International AG, UniCredit Bank Austria AG and ZAO Raiffeisen Bank (all together “the Lenders”), dated 12 September 2012 (hereinafter “the Facilities agreement”).
Milkiland Group has published the Interim Financial Statement with the results in H1 2018.
Milkiland Ukraine with the support of Milkiland Intermarket, both the subsidiaries of Milkiland Group, has concluded the first contract and started supplies of butter produced by the Group’s Ukrainian facilities to the consumer in PRC. The Group also continues the supplies to China of dry milk products in order to further develop the distribution network in this country.