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Pfeifer & Langen buy Mriya sugar mills – Ukraine

December 2, 2016

Less than 2 months ago an entry appeared regarding the exceptionally murky, decidedly criminal, and mysterious yet unknown top level protection being afforded by those with incredible clout to the investment disaster/horror story surrounding Mriya Agro Holdings in Ukraine.

An on-going and unresolved nightmare of which those at the very top have made no efforts to resolve – despite the situation going from bad to worse and the ugly image the situation projects.  Having re-read the above link, it really is an investment horror show.

Nevertheless, it appears that Germany’s Pfeifer & Langen have bought (or are imminently to do so)  the sugar mills of Mriya Agro from Prominvestbank that took control of these particular assets as collateral for past and defaulted loans.

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To be fair, Pfiefer & Langen are no strangers to Ukraine.  They have been active in the country for a decade via their subsidiary Radekhiv Sugar Ltd.  (Indeed they are active in sugar in half a dozen or more European nations.)

Clearly Pfeifer & Langen will have done their due diligence and therefore feel confident that they will be able to protect their asset – unlike the numerous well known international investors who now own Mriya and look on forlornly as the remains of that agricultural empire are slowly but surely stolen from under their noses piece by piece by previous owner structures with no resulting action by the Ukrainian political elite or law enforcement structures.

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