The OKKO Group has expanded its agribusiness operations and consolidated a land bank in Ukraine of nearly 50,000 hectares, using a combination of partnerships and M&A transactions to acquire agricultural assets. This was stated by Vasyl Danyliak, CEO of OKKO Group, in an interview with Forbes Ukraine, emphasizing that agribusiness has become one of the key drivers of business diversification amid an expected contraction of the fuel market and intensifying competition.
The foundation of OKKO’s agribusiness platform is a 50/50 partnership with Gadz Agro (Ternopil region), which the company entered after cooperation within agrifinancing programs and a shared vision to develop bioenergy. At the time of entry, the business comprised 26,000 hectares of land and 9,500 head of cattle; since then, both the land bank and livestock infrastructure have been expanded. Currently, the joint venture controls 32,000 hectares and 11,000 cows, producing approximately 188 tonnes of milk per day.
Separately, throughout 2025 OKKO reported the additional consolidation of more than 17,000 hectares, which allowed the group to bring its controlled land bank to the ~50,000-hectare level.
Among notable M&A cases is the transaction involving Kairos Holding (16,600 hectares). In public deal summaries by InVenture, this transaction is cited with an estimated valuation of $20 million, underscoring a pragmatic approach: acquiring a land bank as a “platform” for a longer value-creation chain.
In parallel, OKKO is developing agricultural infrastructure. According to InVenture, the group is approaching completion of a 60,000-tonne grain elevator and is constructing a bioethanol plant with a capacity of 85,000 tonnes per year, with a planned launch in 2H 2026.
According to Danyliak, the agribusiness is organically integrated into the group’s ecosystem: OKKO supplies fuel and fertilizers to agricultural units, sources products for its own business lines, and is active in grain trading.
The next stage is biogas: the company plans to build biogas production facilities “based on dairy farms,” aiming to make the segment self-sufficient and dividend-generating.
OKKO has declared a target to double its land bank to 100,000 hectares by 2030 and increase livestock to 15,000 cows. At the same time, the company acknowledges constraints: assembling such a land bank “within a single region” is challenging, so the focus is primarily on western regions, which OKKO considers climatically less risky but more expensive in terms of land prices.
Investment deal volume in Ukraine’s agribusiness sector reached $167 million in 2025
According to InVenture’s study “Ukraine’s M&A Market 2025 — Between the Wartime Economy and Long-Term Recovery”, at least 18 transactions were completed in Ukraine’s agribusiness sector in 2025, totaling over $167 million.
