Landkom In Merger Talks
Landkom International PLC, the UK-listed Ukrainian farming entity, are in talks about a possible merger, according to media reports.
The company said that it had incurred "additional payment liabilities" of USD2.0-2.5 million relating to "previously unaccounted-for" costs relating to some of it's land leases.
An unexpected USD2.0-2.5 million liability suddenly popping up out of the blue probably isn't just what the company needed. Especially if they are still owed a ruck of VAT refunds on grain exports from the reluctant cash-strapped Ukrainian government, as I suspect that they are.
The company said that it had incurred "additional payment liabilities" of USD2.0-2.5 million relating to "previously unaccounted-for" costs relating to some of it's land leases.
An unexpected USD2.0-2.5 million liability suddenly popping up out of the blue probably isn't just what the company needed. Especially if they are still owed a ruck of VAT refunds on grain exports from the reluctant cash-strapped Ukrainian government, as I suspect that they are.