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Ukrlandfarming owner Bakhmatiuk seeks to sell its major stake

Ukrlandfarming owner Bakhmatiuk seeks to sell its major stakeAn owner of Ukrlandfarming agricultural holding Oleh Bakhmatiuk is mulling the possibility of attracting investors for a majority stake to improve the company's financial condition.

"I understand that to attract investors is the only possible way. It was difficult for me to make the decision and sell the majority stake. I wanted to conduct an IPO but seeing the problem with the National Bank, I understand that Bakhmatiuk is now a problem for Ukrlandfarming and the company cannot develop," he told to Interfax-Ukraine.

According to the businessman, he is currently in talks with Chinese companies and investors from the Middle East.

"We are ready to sell the majority stake if the issue with the creditors is resolved. We need to reduce the debt burden and maintain the company's development. These are the key points I focus on in negotiations with the investors," he added.

Bakhmatiuk explained now the main issue that remains unresolved is the dispute with the National Bank regarding the financial debt of his banks and companies.

"Valeriya Gontareva [the head of the National Bank] is doing everything to destroy it [the company]. But the company has future, it is a great platform, and it's a pity if it is destroyed," the businessman said.
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