Ekosem-Agrar AG: Noteholders Approve Restructuring of Corporate Bonds

Ekosem-Agrar AG announced that noteholders have approved the restructuring of its corporate bonds with a significant majority. The restructuring includes the sale and transfer of bonds at a price of EUR 300.00 per bond. This decision affects the Ekosem-Agrar bond 2012/2027 and the bond 2019/2029.

The decision emerged from the noteholders' meetings held on 3 and 4 June 2024 and comes in the context of an upcoming merger between the German holding company and its Russian operations. Changes in tax laws in Germany and economic risks in Russia necessitated this move.

The next steps involve selling the shares of the German companies held in Russian intermediate holding companies to a Russian buyer. Current shareholders of Ekosem-Agrar AG will hold the shares of the acquiring company.

CEO Stefan Dürr stated that the restructuring offers a pragmatic solution under the current circumstances. The focus remains on reaching agreements with Russian banks and authorities to complete the transfer and ensure the company's continued operation.