Brief: Kernel Holding Acquires Enselco For $348 Million

Kernel Holding SA

02/04/2026 06:57

April 2 (Reuters) - Kernel Holding SA KER.UAX:

SAID ON WEDNESDAY IT HAS EXECUTED A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% SHARES IN ENSELCO HOLDING LIMITED, A COMPANY ULTIMATELY CONTROLLED BY KERNEL'S CHAIRMAN OF THE BOARD OF DIRECTORS, ANDRII VEREVSKYI

TOTAL CONSIDERATION FOR ACQUISITION IS $348 MILLION

TRANSACTION PRICE REFLECTS A 5% DISCOUNT TO INDEPENDENT FAIR MARKET VALUATION OF $366 MILLION PREPARED BY A REPUTABLE INTERNATIONAL VALUATION EXPERT AT THE COMPANY'S REQUEST

BOARD APPLIED THE DISCOUNT TO ENSURE THAT THE TRANSACTION PROVIDES A CLEAR ECONOMIC BENEFIT TO THE COMPANY RELATIVE TO THE INDEPENDENTLY ASSESSED FAIR VALUE

THE CONSIDERATION WILL BE PAID IN TWO INSTALLMENTS

ENSELCO OPERATES A CONSOLIDATED AGRICULTURAL BUSINESS OF 190,000 HECTARES OF LEASEHOLD LAND, GRAIN SILOS, MACHINERY, AND FLEET OF GRAIN RAILCARS

THE TRANSACTION WILL SECURE THE COMPANY'S PRIMARY PRODUCTION SUPPLY CHAIN AND SUPPORT THE GROUP'S GRAIN EXPORT AND OILSEED PROCESSING VALUE CHAINS

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 Further company coverage: KER.UAX

 (Gdansk Newsroom)

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