BOND STONE on its way to close the M&A transaction deal by leading russian agro holding Yug Rusi of an oil extraction plant in Aktobe, Nothern Kazakhstan (Savola Foods CIS LLP) from Savola Group (Saudi Arabia).
Aktobe oil extraction plant with its brands Leto and Khozyayushka occupies 20% of the Kazakhstani market’s bottled sunoil. The plant can process 225 MT of sunseed and refine and bottle 200 MT of oil a day. Another laid up line allows refining an additional 70 MT of oil a day. It can be launched after preventive maintenance.
Details of an acquisition are not disclosed until the transaction is completed.