Mriya Agroholding in June 2018 year received a proposal to purchase all business and assets from an international strategic investor with experience in Ukraine.
The cost of the offer implies (in the event that the deal takes place) the compensation to holders of bonds issued by Mriya Farming in connection with the restructuring of approximately 50 to 60 US dollars per dollar from the nominal value of new bonds in circulation after the completion of the restructuring (minus expenses, with the transaction), - said in a message.
The proposal involves fulfilling a number of conditions, including the successful completion of the restructuring of the company and its subsidiaries, as well as obtaining all necessary regulatory approvals. The secured debt is offered to accept a strategic investor and service in accordance with existing or other agreements between a potential buyer and secured creditors.
The company intends to enter into negotiations with the provider regarding the terms of the potential agreement in order to approve the necessary documentation for linking the offer. After the restructuring is completed, any deal on the sale of the company is subject to approval by the shareholders of the company in accordance with the conditions for the issue of new bonds and the joint stock company Mriya Farming, adopted in accordance with the terms of the restructuring, - noted in "Dreams".
At the same time, the agroholding company indicated that the received offer was not a guarantee of conclusion of an agreement, the condition of which is still the achievement of agreements on the final terms of the documents necessary for the implementation of the transaction.
Mriya reported that Rothschild is the sole financial advisor, while Hogan Lovells is a legal advisor on sales related issues.