Tags: armed | occupation | Ukraine | Cargill

Cargill Suspends Ukraine Processing Plant After Armed Occupation

Thursday, 10 July 2014 12:23 PM

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 2021 Bloomberg News. All rights reserved.


   
1Like our page
2Share
Markets
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
123
2014-23-10
Thursday, 10 July 2014 12:23 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved