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Tags: armed | occupation | Ukraine | Cargill

Cargill Suspends Ukraine Processing Plant After Armed Occupation

Thursday, 10 July 2014 12:23 PM EDT

Cargill Inc. suspended operations at a sunflower-oil plant in the Donetsk region, where Ukraine’s government is battling pro-Russian separatists, after it was occupied by armed individuals.

The plant was shut July 4 because of an “escalation of risk in the region,” Anastasia Dudley, a spokeswoman for Minneapolis-based Cargill, said today in an e-mail. There are no company employees currently at the site and it’s unclear when it will restart, she said.

Cargill, the largest closely held firm in the U.S., bought a 5 percent stake in UkrLandFarming Plc, Ukraine’s biggest agricultural company, for $200 million in December. UkrLandFarming Chief Executive Officer Oleg Bakhmatyuk said July 1 that he postponed a planned initial public offering for his company because of political violence in Ukraine.

© Copyright 2023 Bloomberg News. All rights reserved.


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Cargill Inc. suspended operations at a sunflower-oil plant in the Donetsk region, where Ukraine's government is battling pro-Russian separatists, after it was occupied by armed individuals.
armed, occupation, Ukraine, Cargill
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2014-23-10
Thursday, 10 July 2014 12:23 PM
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