Ekosem-Agrar AG: Sale of corporate bonds successfully completed
18 March 2025 Corporate News
- Noteholders of the 2012/2027 and 2019/2029 bonds receive the purchase price of EUR 300.00 per bond
- Execution of the bonds restructuring decided in June 2024 thus completed
Walldorf, 18 March 2025 – Ekosem-Agrar AG, the former German holding company of Russian milk producer EkoNiva Group, has successfully completed the sale of its 2012/2027 (ISIN: DE000A1R0RZ5) and 2019/2029 (ISIN: DE000A2YNR08) corporate bonds to a special purpose vehicle (SPV) based in Cyprus. The purchase price of EUR 300.00 per bond was transferred yesterday to the custodian banks via Clearstream Banking AG. Depending on the depository bank, it may take a few more days for the noteholders to receive the payment.
The sale of the bonds completes the bond restructuring, which was approved by the noteholders' meetings on 3 and 4 June 2024.
Stefan Dürr, CEO of Ekosem-Agrar AG. “We would like to thank all parties involved for the successful execution of the bond sale. The sale of the bonds required plenty of time and patience, and we are pleased that we have finally succeeded in implementing the restructuring plan agreed by the noteholders last summer.”
About EkoNiva
Ekoniva Group is one of Russia's largest agricultural companies, until it sold its holdings. With a herd of more than 248,000 cattle (including over 115,000 dairy cows) and a milk output of 3,700 tons of raw milk per day, Ekoniva is the country's largest milk producer. The group controls an agricultural area of 632,400 hectares and is also one of Russia's leading seed producers. The founder and CEO of the company is Stefan Dürr, who has been active in Russian agriculture since the late 1980s and has played a decisive role in its modernization over the last three decades. He was awarded the Order of Merit of the Federal Republic of Germany in 2009 for his services to the German-Russian agricultural dialog. The Group has around 15,500 employees in nine administrative regions in Russia.
Ekosem-Agrar Contact
Irina Makey // Ekosem-Agrar AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49 (0) 6227 3585 919 // E: irina.makey@ekosem-agrar.de
Press / Investor Relations
Fabian Kirchmann, Jonas Schneider // IR.on AG // T: +49 (0) 221 9140 970 // E: presse@ekosem-agrar.de