Kernel Holding

Last updated • 2 min readFrom Wikipedia, The Free Encyclopedia
Kernel Holding S.A.
Native name
Кернел
Company type Public
WSE:  KER
ISIN LU0327357389
Industry Agriculture
Founded1994
Founder Andriy Verevskyi
Headquarters Kyiv, Ukraine
Website kernel.ua

Kernel Holding S.A. (Ukrainian : Кернел) is the largest producer of sunflower oil in Ukraine. [1] It operates under the brands Shchedry Dar, Stozhar and Chumak Zolota, exports oils and grain worldwide, and provides storage for grains and seeds. [2] It produces 8% of sunflower oil in the world and its products are supplied to sixty countries. [3] It operates 28 grain elevators in Ukraine with a total storage capacity of 2.34 million tons of grain, the highest among private-sector companies in the country. [4]

History

It was established in 1994 by Andriy Verevskyi. [5]

Kernel launched an initial public offering on the Warsaw Stock Exchange in 2007, [2] becoming the second Ukrainian company to hold an IPO in Warsaw. [6] In 2020, Forbes Ukraine ranked Kernel as the third-largest private-sector company in Ukraine by revenue. [7] Forbes Ukraine ranked Kernel the fourth-best employer in its 2021 list of the fifty best employers in the country. [8]

The company is actively investing in the development of small and medium agribusiness in Ukraine. Since 2019, the Open Agribusiness affiliate program has been operating. Kernel provides small and medium-sized partners with technology and agronomic support, access to credit, currency and forward programs. The company also helps partners to protect property from raiders, provides funding for the construction of elevators, granaries, land purchase. The project allows farmers to increase land productivity, increase yields and profits. [9] [10] [11]

In 2023 Kernel Holding announced its intention to delist from Warsaw Stock Exchange. Andrii Verevskyi announced an offer to buy out all the shareholders in Kernel Holding at a share price approximately three times below their pre-war value, claiming the exit was due to Russia’s invasion of Ukraine. [12]

The delisting was described as a cynical move to push out minority shareholders which could undermine foreign funding for the postwar reconstruction of Ukraine. [13]

Verevskyi is currently entangled in a bitter courtroom fight with minority shareholders. [14]

Related Research Articles

Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.

CyberTrust was a security services company formed in Virginia in November 2004 from the merger of TruSecure and Betrusted. Betrusted previously acquired GTE Cybertrust. Cybertrust acquired a large stake in Ubizen, a European security services firm based in Belgium, to become one of the largest information security firms in the world. It was acquired by Verizon Business in 2007. In 2015, the CyberTrust root certificates were acquired by DigiCert, Inc., a leading global Certificate Authority (CA) and provider of trusted identity and authentication services.

Constanta Airline is a Ukrainian charter airline headquartered in Zaporizhzhia and based at Zaporizhzhia International Airport. Aircompany Constanta works with global organizations and government programs in challenging environments. The company operates in various regions, including Somalia, the Democratic Republic of the Congo, South Sudan, Slovakia, and Turkey.

Novatek is Russia's second-largest natural gas producer, and the seventh-largest publicly traded company globally by natural gas production volume. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a head office in Moscow. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world.

PJSC Polyus is a Russian gold mining company. It is the largest gold producer in Russia and one of the top 10 gold mining companies globally by output. It is headquartered in Moscow and is listed on both the Moscow and London Stock Exchanges. Polyus’ main assets are located in Eastern Siberia and the Russian Far East - in the regions of Krasnoyarsk Krai, Irkutsk Oblast, Magadan Oblast and the Republic of Sakha.

<span class="mw-page-title-main">93rd Mechanized Brigade (Ukraine)</span> Military unit

The 93rd Separate Mechanized Brigade "Kholodnyi Yar" is a formation of the Ukrainian Ground Forces formed in 1992. It has been described as "one of the most brutally effective" of Ukraine’s front-line brigades.

<span class="mw-page-title-main">JKX Oil & Gas</span>

JKX Oil & Gas Limited is a private British company engaged in the exploration and production of hydrocarbons in Ukraine and Hungary. The company's headquarter is located in London, United Kingdom. The key operating subsidiaries of the company are located in Ukraine and Hungary.

<span class="mw-page-title-main">DTEK</span> Ukrainian energy company

DTEK is the largest private investor in the energy industry in Ukraine. The company's enterprises generate electricity at solar, wind and thermal power plants; extract coal and natural gas, trade energy products in the Ukrainian and foreign markets, distribute and supply electricity to consumers, and develop a grid of supercharger stations for e-vehicles.

ASTARTA Holding is a vertically integrated agro-industrial holding company in Ukraine, a public European company. It produces food products with a focus on global markets.

<span class="mw-page-title-main">Andriy Verevskyi</span>

Andriy Mykhailovych Verevskyi is a Ukrainian oligarch, founder and chairman of the board of Kernel, a Ukrainian diversified agri company. Verevskiy is a former deputy of Ukrainian parliament member of the Party of Regions faction and a fellow of the Agrarian Policy and Land Relations Committee.

<span class="mw-page-title-main">Vitaliy Khomutynnik</span>

Vitaliy Yuriyovych Khomutynnik is a Ukrainian entrepreneur, investor, oligarch, and former politician. Founder and Chairman of Cascade Investment Fund. President of the Ukrainian Golf Federation.

<span class="mw-page-title-main">Andrey Stavnitser</span> Ukrainian businessman (born 1982)

Andrey Alekseyevich Stavnitser is a Ukrainian businessman, co-owner and CEO of TIS. Stavnitser is also the co-owner of Neptune Grain Terminal, a P&O Maritime Ukraine towage operator and a founding partner of SD Capital Investment Company. He is honorary consul of Austria in Odesa. In 2021, Stavnitser was included in the list of the 100 richest Ukrainians by Forbes magazine, his capital amounting to US$215,000,000.

<span class="mw-page-title-main">Freedom Holding</span> Investment conglomerate, headquartered in Kazakhstan

Freedom Holding Corp. is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, and consumer banking. Its main area of focus is in the American stock market, as well as the markets of Central Asia, mainly Kazakhstan.

<span class="mw-page-title-main">Nova Poshta</span> Private Ukrainian postal and courier company

Nova Poshta, called Nova Post outside Ukraine, is a private Ukrainian postal and courier company that provides logistics and related services for individuals and businesses. Its main competitor is the country's post office, Ukrposhta.

<span class="mw-page-title-main">Kyrylo Shevchenko</span> Ukrainian banker (born 1972)

Kyrylo Yevhenovych Shevchenko is a Ukrainian banker and a former Head of the National Bank of Ukraine from July 2020 until October 2022, when he resigned and left Ukraine due to alleged political persecution. Shevchenko is also a former chairman of the board of state-owned Ukrgasbank from 2014 to 2020.

State joint-stock company Bread of Ukraine or Khlib Ukrainy is a state-owned company, a leading operator on the Ukrainian grain market, in the field of production of bread and other flour products. JSC "Bread Ukraine" as the legal successor of the Main Directorate of Bread Products and the Main Directorate of Compound Feed Industry of the Ministry of Agriculture and Food of Ukraine was one of the leading operators on the domestic grain market.

<span class="mw-page-title-main">Oleksandr Hereha</span> Ukrainian politician

Oleksandr Volodymyrovych Hereha is a Ukrainian billionaire, businessman, philanthropist and politician currently serving as a People's Deputy of Ukraine from Ukraine's 192nd electoral district since 12 December 2012. One of the richest men in Ukraine, Hereha and his wife Halyna founded the group of companies Epicentr K construction hypermarkets and the Nova Liniya construction hypermarket chain. He is one of the richest men in Ukraine, with a net worth of $1.7 billion in 2021.

<span class="mw-page-title-main">Andriy Volkov</span>

Andriy Volkov is a Ukrainian financier, the founder and partner of the Investohills group of companies, co-founder of the international fund Investohills Helianthus, former member of the Board of Alfa-Bank.

Viktor Ivanchyk is a Ukrainian entrepreneur, co-founder, majority shareholder and CEO of Astarta Agricultural Holding. Honoured Worker of Agriculture of Ukraine.

Englishdom is an online English language school established in 2010. As of September 2023, the school had over 100,000 teachers and more than 1.2 mln active students. In April 2022, the company launched a charitable initiative to support Ukrainians affected by Russia's full-scale invasion. Englishdom arranged free group lessons for adults and children for a year and provided free access to all courses for a year.

References

  1. ↑ "Ukraine's Kernel flags 'uninspiring' 2021 outlook, despite buoyant Q1". AgriCensus. 2020-11-27. Retrieved 2022-03-01.
  2. 1 2 "Менеджер "Кернела" викупив акції компанії на 1,6 мільйона". Економічна правда (in Ukrainian). Retrieved 2022-03-01.
  3. ↑ "Кернел Груп - досьє, засновники, історія, оборот". The Page (in Ukrainian). Retrieved 2022-03-03.
  4. ↑ "Кернел". elevatorist.com (in Ukrainian). 2016-06-29. Retrieved 2022-03-03.
  5. ↑ "Harvest of Cash: Big agroholdings use political clout to reap sweet subsidies from Ukraine's taxpayers - Nov. 16, 2018". 16 November 2018.
  6. ↑ "Чому Польща змогла побудувати фондовий ринок, а Україна – ні? Пояснює екс-директор із розвитку Варшавської біржі — Forbes.ua". forbes.ua (in Ukrainian). 2021-03-21. Retrieved 2022-03-01.
  7. ↑ "100 найбільших приватних компаній України 2020 — Forbes.ua". forbes.ua (in Ukrainian). 2020-10-01. Retrieved 2022-03-01.
  8. ↑ "50 найкращих роботодавців — Forbes.ua". forbes.ua (in Ukrainian). 2021-01-04. Retrieved 2022-03-03.
  9. ↑ "Трансформация Open Agribusiness, или Как Kernel стал опорой аграриев — Latifundist.com". 2021-08-17. Archived from the original on 17 August 2021. Retrieved 2022-06-07.
  10. ↑ "Для Kernel покупка 10%доли - это степень доверия, а не инструмент поглощения - руководитель проекта Open Agribusiness агрохолдинга". 2021-08-17. Archived from the original on 17 August 2021. Retrieved 2022-06-07.
  11. ↑ "Open Agribusiness: ЯК УКРАЇНСЬКІ АГРАРІЇ ОБ'ЄДНУЮТЬСЯ З KERNEL". 2021-08-17. Archived from the original on 17 August 2021. Retrieved 2022-06-07.
  12. ↑ "Ukrainian Firm's Exit Marks Rude Awakening for Warsaw Bourse". bloomberg.com. 2023-03-09. Retrieved 2023-07-12.
  13. ↑ "Polish regulator set to clear Ukrainian group's delisting from Warsaw exchange". ft.com. 2023-06-14. Retrieved 2023-08-30.
  14. ↑ "Ukrainian agricultural group boss warns Kyiv against export feud with EU". ft.com. 2024-06-12. Retrieved 2024-06-13.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.