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Wilmar International ( (SG:F34) ) just unveiled an announcement.
Wilmar International has disclosed that a Russian court ordered the state seizure of a 24% stake in JSC Etalon, a Russian oils and fats company, held via LLC Production and Commercial Firm Profit, in which Wilmar indirectly owns a 50% interest through Cyprus-based Sethal Holdings. The seizure stems from alleged anti-corruption violations by Rusagro founder Vadim Moshkovich for activities prior to 2023, though Wilmar notes these matters predate its recent transactions and are unrelated to the group.
Wilmar reported that the carrying value of its investment in the Profit Group is USD310.9 million, with an initial outlay of USD50.6 million, and that Profit made no contribution to its FY2025 results. The company plans to appeal the seizure in Russian courts, signalling its intention to protect a sizeable Russian asset base, while investors will watch closely for any financial write-downs, prolonged legal uncertainty or potential implications for Wilmar’s broader Russian strategy.
The most recent analyst rating on (SG:F34) stock is a Hold with a S$3.60 price target. To see the full list of analyst forecasts on Wilmar International stock, see the SG:F34 Stock Forecast page.
More about Wilmar International
Wilmar International is a Singapore-based agribusiness group with significant operations in edible oils and fats, particularly across Asia and other emerging markets. Through various subsidiaries and associates, the company invests in processing, refining and distribution assets, including long-standing interests in the Russian oils and fats sector dating back to 2008.
Average Trading Volume: 9,506,632
Technical Sentiment Signal: Buy
Current Market Cap: S$23.22B
Learn more about F34 stock on TipRanks’ Stock Analysis page.