Aleksandr Petrov's company increased shareholding in IMC

A legal entity Agrovalley Limited, controlled by Aleksandr Petrov, Chairman of the Board of IMC, increased its shareholding in the company to 72.22%, the WSE reports.

On 28 December 2018, the company purchased a total of 156 500 shares in IMC S.A. at a fixed price of 12.80 PLN per share, increasing the total shareholding in IMC to 23 962 437 shares following the transaction, such shareholding being equivalent to 72.22% of total shares outstanding.

Before the transaction, Agrovalley Limited shareholding in IMC was equivalent to 71.75%.

The number of IMC's shares issued: 33 178 000.

Previously it was reported that Aleksandr Petrov was listed in the rating of the TOP-100 wealthiest people of Ukraine, compiled by Novoye Vremya and the investment company Dragon Capital.