Ekosem-Agrar AG reaches an agreement in principle with the Russian Agricultural Bank on the continued financing of the Group
DGAP-Ad-hoc: Ekosem-Agrar AG / Key word(s): Legal Matter/Financing
Ekosem-Agrar AG reaches an agreement in principle with the Russian Agricultural Bank on the continued financing of the Group
Walldorf, December 9, 2021 - Ekosem-Agrar AG announces that the Russian Agricultural Bank (Rosselkhozbank, RSHB) has adopted far-reaching resolutions on the continued financing of the Ekosem-Agrar Group. Accordingly, the Russian Agricultural Bank will continue to provide the Ekosem-Agrar Group with existing credit lines for working capital. The Russian Agricultural Bank has also confirmed that no Ekosem-Agrar Group company is in default of payments to the Russian Agricultural Bank and therefore the Russian Agricultural Bank or RSHB-Finance has no intention to exercise any options in respect of shares in the Russian intermediate holding companies OOO EkoNiva-APK Holding, OOO EkoNiva-Produkty Pitanija and OOO EkoNiva-APK Chernozemje. In addition, the Russian Agricultural Bank has assured that it will shortly provide the declarations required for the completion of the financial statements of Ekosem-Agrar AG for the financial year 2020. The bank also decided to release financial resources for the completion of three dairy farms, as well as a number of other projects that have a high level of completion. Ekosem-Agrar Group and the Russian Agricultural Bank will also continue to hold constructive talks with the aim of resuming the financing of a dairy processing plant in the Novosibirsk region with a capacity of 1,150 tonnes of raw milk per day.
Contact Ekosem-Agrar AG Ekosem-Agrar AG // T: +49 (0) 6227 3585 919 // E: ir@ekosem-agrar.de Press / Investor Relations Fabian Kirchmann, Anna-Lena Mayer // IR.on AG // T: +49 (0) 221 9140 970 //
09-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Ekosem-Agrar AG |
Johann-Jakob-Astor-Str. 49 | |
69190 Walldorf | |
Germany | |
Phone: | +49 (0)6227 358 59 33 |
Fax: | +49 (0)6227 358 59 18 |
E-mail: | info@ekosem-agrar.de |
Internet: | www.ekosem-agrar.de |
ISIN: | DE000A1MLSJ1, DE000A1R0RZ5 |
WKN: | A1MLSJ, A1R0RZ |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1256144 |
End of Announcement | DGAP News Service |
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1256144 09-Dec-2021 CET/CEST