Ukraine’s Kernel May Invest in Russia Plant, Kommersant Reports

Kernel Holding SA (KER), Ukraine’s biggest sunflower-oil producer, plans to invest $120 million in building or buying an oil-crushing plant in Russia, Kommersant-Ukraine reported, citing Chairman Andrey Verevskiy.

The plant will have capacity to process between 500,000 and 600,000 tons of sunflower seeds a year, the newspaper cited Verevskiy as saying.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.