Mriya cost USD 242 mln to SALIC

According to estimates, Saudi Agricultural and Livestock Investment Co. (SALIC) acquired Mriya Agroholding for USD 242 million, Financial Times reports.

"Aware of the conditions source claimed that SALIC would pay USD 242 million to purchase Mriya, "formerly billion worth company that came under the control of its creditors after default," the message says.

Today, the ceremony for the signing of a contract for the sale of shares of Mriya Agroholding has been held between Mriya Farming PLC and Saudi Agricultural and Livestock Investment Co. (SALIC).

President of Ukraine Petro Poroshenko noted that the investments of Saudi Arabia were worth "hundreds of millions of dollars."

"Over the next two years, we plan to invest a lot in new machinery, infrastructure, agro-technologies and consolidation of the land bank. We aim to work closely with the local management team and regional authorities to bring Mriya and Continental Farmers Group joint operational activities to the global level," said Mark Laird, CFG General Manager.

An earlier draft of Mr Laird’s remarks, seen by the Financial Times, said the investment would be in excess of USD 150 million. The company declined the comment on the exact amount of investment.