Simon Cherniavsky confirmed the potential sale of Mriya Agroholding

The CEO of Mriya Agroholding Simon Cherniavsky confirmed the information about offers to sell the company, but the potential transaction is impossible until the end of the USD 1.1 billion debt restructuring, EP reports.

"Interest from potential investors to the company does exist. Last year, Kernel and several other major players of the agrarian market applied to the creditors of Mriya. This year a number of proposals were received from Ukrainian and international companies," the CEO of Mriya said.

He specified that agriculture is not a core business for Mriya's creditors, and maintenance of the company's working capital is a compulsory measure. The arrival of a strategic investor is an ideal option for the further development of Mriya.

"But there can be no agreement on the sale before the restructuring of the company's historic debt is complete. Until now, there is neither a subject of a potential transaction, nor a legal mechanism for its implementation," Cherniavsky added.

As reported earlier, Continental Farmers Group is in the process of negotiating the takeover of Mriya Agroholding.