The parent company of “EkoNiva” will become a joint-stock company

Источник: The DairyNews
The German company Ekosem-Agrar, which owns “EkoNiva-APK holding”, is changing its legal form to a joint-stock company and is considering the possibility of holding an initial public offering (IPO), says a statement of Ekosem-Agrar.

The shareholders of Ekosem-Agrar GmbH, which owns “EkoNiva” group, decided to change the legal form of the company. The relevant resolution was adopted and sent for registration in the commercial register on July 31, reports The DairyNews.

Previously, the German company was a limited liability company. "The decision to change the legal form is due to the increasing of flexibility of the company to finance future growth. In this regard, the administration of the company has begun, in addition to other financing options, preparation for the initial public offering," the report said.

Due to changes in the legal form of the company, the relevant Executive and Supervisory Board of the newly formed Ekosem-Agrar AG was established. The Supervisory Board is composed as follows: Franz-Georg von Busse, chief representative of the Gebrüder pöttinger GmbH group, Wolfgang Graf, former CFO and member of the Board of Directors of Ehrmann; Vladislav Novoselov, founder and managing partner of the Russian consulting firm BEFL, Rolf Zürn, owner and managing Director of Zürn GmbH & Co. KG, distributor of John Deere equipment and Zürn Harvesting GmbH & Co. KG.

There were appointed to the Board: Stefan Durr (CEO), founder and chief shareholder of Ekosem-Agrar, Wolfgang Blasi (CFO), who was the Financial Director of Ekosem-Agrar Group from 2011 to 2016.

Read full article in Russian on © DairyNews.ru

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