Puneet Varma

Astarta Holding

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Industry  Agriculture
Net income  €80.0 million
Total equity  €209.1 million
Founded  2006
Revenue  €219.3 million (2010)
Total assets  €352.6 million
Headquarters  Netherlands
Type  Public company
Astarta Holding httpsmedialicdncommprmprshrink200200AAE
Website  http://www.astartakiev.com
Stock price  AST (WSE) PLN 65.11 +3.96 (+6.48%)27 Feb, 5:00 PM GMT+1 - Disclaimer

Astarta holding

Astarta Holding is a Ukrainian agricultural and industrial holding company. It is the largest sugar producer in the country. The company has been listed on Warsaw Stock Exchange since 2006. Its main producing assets are located in Poltava, Vinnytsia and Khmelnytskyi oblasts.


Astarta holding


  • Agro-industrial holding Astarta-Kyiv was established in 1993
  • In 1996-1998, it began investing in agriculture. The assets of the first agricultural company Pustoviytove in the Poltava oblast were acquired in 1997.
  • In 1999, a controlling stake in the first sugar plant Yareskivsky was acquired.
  • In 2003, the Company acquired the Zhdanivsky and Kobelyatsky sugar plants.
  • In 2004-2005, the Company acquired the Veselopodilsky and Globynsky sugar plants.
  • In August 2006, ASTARTA’s shares are listed on the Warsaw Stock Exchange.
  • In 2007, the Group actively expanded operations by acquiring new agricultural companies and increasing the area of leased agricultural land.
  • In May 2008 Company starts cooperation with the European Bank for Reconstruction and Development, by means of which energy efficiency program is being funded.
  • In 2008 ASTARTA, was one of the first agricultural companies to sign an agreement with the Multilateral Carbon Credit Fund established by EBRD and European Investment Bank, with the aim to implement carbon credits under the Kyoto Protocol, which covers the reduction of carbon emissions from factories in the period from 2008 to 2012.
  • In 2008, the Company adopted the decision directed on geographical diversification. The Group has expanded its operations to Khmeltnitski region and acquired the Narkevychi sugar plant as well as agricultural enterprises in order to provide the sugar plant with own sugar beet.
  • In 2009 the company came along the large-scale reconstruction process with the aim to combine agricultural assets and sugar plants within the same industrial association. As a result, the Company managed to optimize production, reduce administrative costs and improve asset management.
  • In February 2011, the Company acquired the Novoivankivskyi sugar plant in Kharkiv region.
  • In July 2011 European Bank for Reconstruction and Development (EBRD) approved a senior secured long-term loan of up to $80m for Astarta Holding. The proceeds will be used to consolidate the EBRD’s existing loans to the company and provide additional long-term financing for further development of Astarta’s agricultural and sugar infrastructure, as well as the expansion of the land bank and construction of a dairy farm.
  • In 2012, ASTARTA initiated construction of soybean processing plant and biogas complex.
  • Astarta-Kyiv is a leading vertically integrated agro-industrial holding, the main business of which is aimed on providing Ukrainian industrial consumers and population with high-quality sugar and milk, as well as cultivation and trade in agricultural products.


    Astarta Holding Wikipedia

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