To: Wharf Rat who wrote (1358284 ) 5/11/2022 10:35:58 PM From: Broken_Clock 1 RecommendationRecommended By Mick Mørmøny
Respond to of 1578168 Obummer wasn't happy with just selling the US healthcare to wall st., he sold Ukraine's national assets too! It's another War for Wall St.! Who Owns Agricultural Land in Ukraine? Friday, May 8, 2015 By: Elizabeth Fraser The fate of Ukraine’s agricultural sector is on shaky ground. Last year, the Oakland Institute reported that over 1.6 million hectares (ha) of land in Ukraine are now under the control of foreign-based corporations. Further research has allowed for the identification of additional foreign investments. Some estimates now bring the total of Ukrainian farmland controlled by foreign companies to over 2.2 million ha;1 however, research has also identified important grey areas around land tenure in the country, and who actually controls land in Ukraine today is difficult to ascertain. The companies and shareholders behind foreign land acquisitions in Ukraine span many different parts of the world. The Danish "Trigon Agri," for example, holds over 52,000 ha(link is external) . Trigon was established in 2006 using start-up capital from Finnish " high net worth individuals(link is external) ." The company is traded in Stockholm (NASDAQ), and its largest shareholders include(link is external) : JPM Chase (UK, 9.5 percent); Swedbank (Sweden, 9.4 percent); UB Securities (Finland, 7.9 percent); Euroclear Bank (Belgium, 6.6 percent); and JP Morgan Clearing Corp (USA, 6.2 percent). The United Farmers Holding Company(link is external) , which is owned by a group of Saudi Arabian investors, controls some 33,000 ha(link is external) of Ukrainian farmland through Continental Farmers Group PLC. AgroGeneration, which holds 120,000 ha(link is external) of Ukrainian farmland, is incorporated in France, with over 62 percent(link is external) of its shares managed by SigmaBleyzer(link is external) , a Texas-based investment company. US pension fund NCH Capital holds 450,000 ha(link is external) . The company began in 1993 and boasts being some of the earliest western investors(link is external) in Ukraine after the break-up of the Soviet Union. Over the past decade, the company has systematically leased out small parcels of agricultural land (around two to six hectares in size) across Ukraine, aggregating these into large-scale farms that now operate industrially. According to NCH Capital’s General Partner, George Rohr(link is external) , the leases give the company the right to buy the currently-leased farmland once the moratorium on the sale of land in Ukraine is lifted. Another subset of companies have Ukrainian leadership, often a mix of domestic and foreign investment, and may be incorporated in tax havens like Cyprus, Austria, and Luxembourg. Some of them are also led by Ukrainian oligarchs. For instance, UkrLandFarming(link is external) controls the country's largest land-bank, totalling 654,000 ha of land. 95 percent(link is external) of the shares of UkrLandFarming are owned by multi-millionaire Oleg Bakhmatyuk with the remaining five percent having been recently sold to Cargill. Similarly, Yuriy Kosiuk, Ukraine's fifth richest man(link is external) , is the CEO of MHP, one of the country's largest agricultural companies, which holds over 360,000 ha(link is external) of farmland.