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

Nov. 18 (Bloomberg) -- Kernel Holding SA, 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

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