OREANDA-NEWS. December 11, 2009. On 10 December, the head of Ukrros Supervisory Board  S. Fedorenko announced that the Company would sell two of its sugar plants located in the Kharkiv Region. Specifically, Ukrros offers for sale Kupyansky and Savinsky sugar plants with daily capacity of 5kt and 3kt, respectively.

Millennium Capital sees the news to be positive for Ukrros, since it will optimize Company’s costs. In particular, related to the increase in the sugar beet price in 2009, as well as to a mere 50% of in-house sugar beet rate, this will increase the Company’a EBITDA margin in 2010 (it was 1.3% in 2008).