Shares of Ukrainian agricultural holdings continue to fall

The share price of Ukrainian agricultural companies continues to decline.

From March 24 to March 31, the share price of Ukrainian agricultural companies on the Warsaw and London stock exchanges continued to decrease, reports Latifundist with reference to data from Eavex Capital.

Thus, the market capitalization of agricultural companies during the specified period changed as follows:

• “Kernel” — decreased by 0.9% to $668 million;

• MHP — decreased by 0.6% to $351 million;

• “Astarta-Kyiv” — decreased by 1.4% to $182 million;

• “Ovostar Union” — decreased by 5.6 to $101 million;

• “IMK” — increased by 0.5% to $84 million;

• “Agroton” — unchanged — $17 million;

• “Milkyland” – unchanged – $5 million.

Read also: Shareholders took Kernel to court

As previously reported by USM, in May 2023 the Kernel agricultural holding applied for the withdrawal of shares from the Warsaw Stock Exchange.

Prior to that, Namsen Limited, the founder of Kernel, Andriy Verevskyi, bought 36% of the agricultural holding’s shares. After the end of the tender, Verevsky actually became the owner of 74% of the shares.