Trigon Agri successfully executes the first part of its divestment program in Trigon Dairy Farming Estonia at a 22% premium to book value
As has been previously announced by Trigon Agri the company is in active talks to divest non-core assets in order to focus its business on its core assets in Ukraine and Rostov, Russia. The company hopes to make further announcements in the near future on additional divestments of non-core assets.
The transaction completed involved selling 15.3% in AS Trigon Dairy Farming Estonia at a total price of EUR 2.85 million. This constitutes a premium of 22% to Q3 2013 book value. Following the transaction Trigon Agri retains an ownership stake of 63.7% in AS Trigon Dairy Farming Estonia. The shares were subscribed by private investors from Switzerland and Estonia.
Mr. Ülo Adamson,
President and CEO of Trigon Agri A/S
Tel: +372 66 79200
About Trigon Agri
Trigon Agri is a leading integrated soft commodities production, storage and trading company with operations in Ukraine, Russia and Estonia. Trigon Agri’s shares are traded on the main market of NASDAQ OMX Stockholm. Trigon Agri is managed under a management agreement by Trigon Capital, a leading Central and Eastern European operational management firm with around USD 1 billion of assets under management.
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