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EuroChem leaves Ukrainian fertilizers market
17 May 2018, 09:35
EuroChem Group AG announced the sale of its subsidiary in Ukraine. The price and terms of the deal have not been disclosed.
Recent actions in Ukraine to restrict foreign suppliers of fertilizers, and expectations of a further deterioration of the business climate, prompted the company’s decision.
The sale, made to a company connected to the subsidiary’s former management, marks the withdrawal of EuroChem from Ukraine, after more than 15 years of operations.
EuroChem intends to continue consultations with the Ukrainian authorities on future opportunities through its European operations while focusing on other growth markets for the Group.