The Antimonopoly Committee of Ukraine (\u201cAMCU\u201d) by\u00a0its\u00a0resolution\u00a0dated 8\u00a0July 2011 retrospectively permitted DE\u00a0\u201cMilkiland\u00a0Ukraine\u201d, a wholly owned Ukrainian subsidiary of\u00a0Milkiland N.V., to obtain control over 7 enterprises in Sumy region. The decision covers assets operated by the Group for some years.<\/p>\n
Comment of Fredrick Aherne, CEO, Milkiland N.V.:<\/i>
\n\u201cWe are happy to receive retrospective permissions from Antimonopoly Committee of Ukraine and put Group\u2019s structure in line with Ukrainian antimonopoly requirements. This eliminates legal risks and facilitates further acquisitions in Ukraine.\u201d \u00a0<\/i><\/p>\n
About Milkiland N.V.<\/b><\/p>\n
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.
\nIn Russia, the company produces fresh dairy products at Moscow-based OJSC \u201cOstankino Milk Combine\u201d 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.
\nIn 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.
\nThe revenue of the company in the year 2010 was EUR 258mn, net profit EUR 22mn.
\nMilkiland N.V. is a Dutch holding company controlling the Group. DE \u201cMilkiland Ukraine\u201d is\u00a0its\u00a0100% subsidiary controlling the business of the Group in Ukraine. Shares of Milkiland N.V. have\u00a0been listed on the Warsaw Stock Exchange since December, 6, 2010.<\/p>\n