Organic and conventional farming of food crops is our core business.
KTG Agrar SE cultivates over 46.000 hectares of farmland for organic and conventional farming of food crops.
Disclosure (publication of insider information according to article 17 MAR)
KTG Agrar SE, Hamburg, (ISIN: DE000A0DN1J4) announces disposal of its interest in Bio-Zentrale Naturprodukte GmbH following its restructuring and reorganisation. To this end, a notarised purchase agreement with a strategic investor was signed on 22 July 2016 at 16:05. The sales price is in the single-digit million Euro range. The interim trustee and the interim committee of creditors appointed by the Hamburg Courts agreed to this sale of participation beforehand. The aquirer will further accelerate the adopted growth strategy of Bio-Zentrale – the marketing and production of food from controlled-organic agriculture. The sale of interests is a first step to focus on the core business, the organic and conventional growth of cash crops and to supply the energy sector as announced by the board.
In connection with the opening of the insolvency procedure expected to take place at the end of August / beginning of September, an extension of the comittee of creditors is planned.
KTG Agrar SE, Hamburg
Hamburg, 22 July 2016
(Jan Ockelmann (Chief Restructuring Officer (CRO)
Ulf Hammerich (Member of the board))