Industrial group ViOil sold part of its shares to agricultural holding Kernel

According to sale terms one of the subsidiary companies of Kernel Holding SA has got possession of 5.85 % minority stake of ViOil Holding Ltd. ViOil Group has entered into a standard shareholder agreement for a minority stake. Cooperation and several common projects are planned between Vioil and Kernel under the agreement .
ViOil Industrial Group is one of the three largest producers and exporters of vegetable oils in Ukraine and the leader of rapeseed oil production. The company is the owner of Vinnitsa Oil Seeds Crushing Factory and Chernivtsi Oil Seeds Crushing Factory. Both plants are multicultural. Jointly they are able to process 1.1 million tons of oilseeds per year. Vinnitsa Oil Seeds Crushing Factory is the largest enterprise in Europe in respect of products volume processing at one site. ViOil is exporting its products to more than 60 countries. The company has 11 elevators with a total storage capacity of 300 000 tons of grain.
Kernel is one of the largest producers and exporters of sunflower oil and agricultural products in the Black Sea region. The holding exports its products to more than 60 countries. It controls seven oil extraction plants, its processing capacity is 3,5 million tons of sunflower seeds per year. Kernel also owns a network of elevators with a capacity of one-time storage of more than 2.8 million tons of grain, two deep-water terminals.
In February, the company has got possession of major railway operator Transit cargo Ukraine. The land bank of the agricultural holding is 550 000 ha. Since 2007 Kernel is trading at the Warsaw Stock Exchange.