An unknown buyer entered into a share purchase agreement to acquire Open Joint Stock Company Novomirgorodskiy Elevator from Agromino A/S (OM:AGRO) for $2.6 million.

An unknown buyer entered into a share purchase agreement to acquire Open Joint Stock Company Novomirgorodskiy Elevator from Agromino A/S (OM:AGRO) for $2.6 million on January 29, 2018. Agromino has already received prepayment in the amount of $0.45 million, and the remaining part of the purchase price will be received not later than by February 28, 2018. As of December 31, 2017, the net assets of the Elevator stood at €1.6 million ($2 million). The cash proceeds from this disposal will enable Agromino to reduce its bank borrowings by $2.3 million.