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News / Milkiland N.V.

Milkiland to fulfil the conditions of the restructuring of the indebtedness to one of the largest creditors of the Group

By selling of two agri-susidiaries of the Group controlled by the Group’s main agri-subsidiary LLC Milkiland-Agro, namely PJSC “Iskra” and LLC “Uspikh-Mena”, in November 2016 and February 2017, respectively, Milkiland fulfilled the conditions of the Amendment agreement to the Loan Facility Agreement with PJSC Credit Agricole Bank (hereinafter, “the Creditor” and “the Restructuring agreement”).

Changes in the Board of Directors of Milkiland N.V.

The duties of Mr. Vitaliy Strukov as a Non-executive director of the Board of Directors of Milkiland N.V. were terminated since 10 January 2017 by mutual consent of the parties.

Milkiland has started an export to the People’s Republic of China

Milkiland Ukraine with the support of Milkiland Intermarket, both the subsidiaries of Milkiland Group, has concluded first contract and started supplying dry milk products produced by the Group’s Ukrainian facilities to the consumer in the PRC.