OREANDA-NEWS. On 1 February 2008  Kernel Holding S.A. announces that it has entered into a preliminary agreement with a reputable international investor to jointly finance the extensive farming development envisaged by Kernel.

The farming operation held under the jointly owned company Jerste B.V. shall lease, manage and farm up to 250,000 ha of prime Ukraine farm land. Kernel shall manage and control all the extended farming operations, which shall be fully consolidated in Kernel Holding S.A.'s financial report.