Kading Companies, S.A. has announced the signing of an agreement to acquire 70% of System Cement Group, which owns 100% of SCG – Ukraine, LLC, based in Vinnitsa.
“This is another major step in creating a global mining conglomerate,” said Kevin Kading, President of Kading Companies. “I believe that the situation between the Ukraine and Russia has created a very significant opportunity for this company and Kading Companies and the company has the opportunity to grow significantly, well into the future.”
“The acquisition by Kading Companies will allow us to scale our business more quickly and achieve our broader vision for our project more effectively,” added Oleg Dianov, President of System Cement Group. “This acquisition may add scale and credibility to our business that will allow us to thrive.”
Kading Companies’ next objective will be to produce consolidated audited financial statements, allowing Kading to uplift its trading status in the OTC markets. Kading Companies is focused on mining operations that are producing or can be producing within six months of acquisition. Kading is focused on a global basis, with its initial emphasis in South America, West Africa and now the Ukraine.
“I am very excited about the opportunities that we are being presented with and I am highly confident we will create significant value for our shareholders, investors, miners and the local communities,” said Kading. Wakabayashi Fund facilitated the agreement between the two entities.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldcement.com/europe-cis/30012015/kading-companies-signs-acquisition-agreement-with-system-cement-group-238/