HarvEast Holding donated the ARC village councils the property and equipment worth over UAH 23 mln

30 May 2013

For 2012 and the first quarter of 2013, HarvEast Agricultural Holding transferred the real estate, machinery and equipment in the amount of UAH 23 mln. 600 thou. to the ARC village councils, where the Holding’s assets are located.

It also donated buildings of offices and canteens, warehouses, carpentry workshops, garages, dormitories, wells, self-propelled machinery and trailers that are not used by the Holding in the production. Moreover, the Holding transferred the stadium and the building of the church in Kalinino village, which was previously on the balance sheet of SE «Illich-Agro Krym», part of HarvEast Holding.

All real estate and equipment will be used by the village councils to improve rural social infrastructure.

Profile:

HarvEast Holding is an agricultural holding, which owns and manages assets in Donetsk, Zaporozhye, Cherkassy Oblasts and the Crimea. The Holding’ s major areas of focus include: crop raising (wheat, sunflower, barley, permanent grasses and corn) and dairy farming.

HarvEast Holding was established on 10 March 2011 and evolved from the assets previously owned by Ilyich Steel Plant. The overall bank of farmland is around 220,000 hectares and total livestock exceeds 22,000 heads.

The shareholders of HarvEast Holding are the SCM Group and Smart Holding.

Press office of HarvEast Holding
+38 062 210 35 08
press@harveast.com