In 2018 Milkiland’s management did a lot to preserve the positive results achieved in 2017 in the most important spheres, such as the development in the new export markets, introduction of new products, as well as further localisation of cheese production in the key market of Russia.
On 20 March 2019, Milkiland has published an official information regarding the assignment of the indebtedness in the sum of USD 29.29 million under Loan Facility Agreement with the syndicate of international banks, namely UniCredit Bank Austria AG and ZAO Raiffeisenbank (hereinafter “the Syndicate”, “the Facility agreement”) dated 16 December 2011, to a New Lender, namely Swestal Holding ltd.
Milkiland Group warmly wishes Merry Christmas and Happy New 2019 Year to our shareholders, customers, partners and friends.
In 9 months of the year 2018 Milkiland Group delivered the positive financial result of the business at EBITDA level.
On 5 October 2018, Economic Court of the city of Kyiv opened the legal proceedings against PE “Ros”, the Ukrainian subsidiary of the Milkiland Group, according to the claim from Raiffeisen Bank International AG, acting as Security Agent under the Facilities Agreement with a Syndicate of international banks formed by Raiffeisen Bank International AG, UniCredit Bank Austria AG and ZAO Raiffeisen Bank (all together “the Lenders”), dated 12 September 2012.