Court obliged Imperia-Agro to pay UAH 15.5 mln debt to Saatbau Ukraine

The Economic Court of Mykolaiv Region allowed the claim of Saatbau Ukraine, a subsidiary of SAATBAU LINZ (Austria), against Imperia-Agro in the amount of UAH 15.42 million (USD 0.58 million), the Register of Court Decisions informs.

"To recover from the company Imperia-Agro in favour of the enterprise Saatbau Ukraine UAH 10.23 million of the principal debt, UAH 3.07 million of interest, UAH 1.02 million representing 10 per cent p.a., UAH 0.9 million of losses from inflation and UAH 0.2 million of the court fee," the court decision states.

A multi-million conflict arose between Imperia-Agro and TAScombank in April 2018 caused by a UAH 300 million loan granted to Imperia-Agro. As a result of the conflict between the bank and the company, the agricultural companies suffered losses as they contracted to purchase material and technical resources and stored products at Imperia-Agro's warehouses.