ESPI/EBI reports

ACQUISITION OF A RAILCAR BUSINESS IN UKRAINE KERNEL HOLDING S.A. (LU0327357389)

18-02-2019 22:36:31 | ESPI | 5/2019
oUNI-EN: ACQUISITION OF A RAILCAR BUSINESS IN UKRAINE

PAP
Data: 2019-02-18

Firma: KERNEL HOLDING S.A.

oSpis tresci:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

oSpis zalacznikow:
Znaleziono 1 załącznik
  • Current_report_05_2019_eng.pdf
  • Arkusz: REPORT

    Nazwa arkusza: REPORT


    POLISH FINANCIAL SUPERVISION AUTHORITY
    UNI - EN REPORT No 5 / 2019
    Date of issue: 2019-02-18
    Short name of the issuer
    KERNEL HOLDING S.A.
    Subject
    ACQUISITION OF A RAILCAR BUSINESS IN UKRAINE
    Official market - legal basis
    art. 56. 1. 2 of Act on Public Offering.
    Unofficial market - legal basis
    Contents of the report:
    Kernel Holding S.A. _herein “the Company"_ is pleased to announce that the investment fund owned by the Company acquired 100% interest in Rail Transit Kargo Ukraine LLC _herein “RTK-Ukraine"_ for the enterprise value of US$ 64 million. Adjusted for working capital and net debt, Company paid US$ 49 million in cash at completion while the remaining balance shall be released upon the achievement of certain conditions.

    RTK-Ukraine is the owner of 2,949 grain railcars accounting for nearly 15% of the market and making it the second largest grain hopper wagon fleet operator in the country after the state monopoly Ukrainian Railways. The acquisition shall not only contribute an estimated incremental EBITDA of up to US$ 20 million annually and protect the Company against ever rising logistic costs, but it shall also procure the smooth and efficient flow of grains from inland silos to the ports as Company’s export volumes increase following the commissioning of TransGrainTerminal in the port of Chornomorsk.
    Annexes
    File Description
    Current_report_05_2019_eng.pdf

    Nazwa arkusza: INFORMATION ABOUT THE ENTITY


    KERNEL HOLDING S.A.
    _fullname of the issuer_
    KERNEL HOLDING S.A. Spożywczy _spo_
    _short name of the issuer_ _sector according to clasification
    of the WSE in Warsow_
    L-1273 Luxembourg
    _post code_ _city_
    rue de Bitbourg 19
    _street_ _number_
    _phone number_ _fax_
    _e-mail_ _web site_
    _NIP_ _REGON_

    Nazwa arkusza: SIGNATURE OF PERSONS REPRESENTING THE COMPANY


    SIGNATURE OF PERSONS REPRESENTING THE COMPANY
    Date Name Position / Function Signature


    Identyfikator raportu jjvuszwyf1
    Nazwa raportu UNI-EN
    Symbol raportu UNI-EN
    Nazwa emitenta KERNEL HOLDING S.A.
    Symbol Emitenta KERNEL HOLDING S.A.
    Tytul ACQUISITION OF A RAILCAR BUSINESS IN UKRAINE
    Sektor Spożywczy (spo)
    Kod L-1331
    Miasto Luksemburg
    Ulica rue de Bitbourg
    Nr 19
    Tel.
    Fax
    e-mail
    NIP
    REGON
    Data sporzadzenia
    Rok biezacy 2019
    Numer 5
    adres www
    Serwis Ekonomiczny Polskiej Agencji Prasowej SA 2019 Copyright PAP SA - Wszelkie prawa zastrzezone.