Turkish construction conglomerate Onur Group has divested its agricultural assets in Ukraine, according to Forbes Ukraine. The company sold its farming enterprise Agroceton, which owned 3,500 hectares of farmland in Lviv region, to Myron Ostapchak, the owner of meat processing holding Exim Food.
According to Emre Karaahmetoglu, CEO of Onur Group in Ukraine, the decision to sell had been under consideration for some time, and the transaction was finalized in early October. The buyer was Zhovkivskyi Poultry Breeding Plant, part of the Exim Food Group. “There were strong competitors, but we managed to reach an agreement,” Ostapchak noted.
The transaction value has not been disclosed. The sale included agricultural land, machinery, and the company’s infrastructure. Karaahmetoglu explained that the decision to exit the agricultural sector was driven by sustained losses and limited growth prospects. Agroceton had been operating at a loss for four consecutive years: in 2023, losses amounted to UAH 16.6 million, and by 2024 they had decreased to UAH 848,000. During this period, the company’s revenue declined from UAH 35.6 million to UAH 19.07 million.
The Exim Food holding, owned by Myron Ostapchak, is among the largest pork producers in Western Ukraine and continues to expand its asset base. In June, the company purchased a defunct Soviet-era poultry factory in Kulykiv for UAH 1.6 million, along with eight land plots in Hriada village for UAH 18.2 million. According to YouControl, in 2024, Zhovkivskyi Poultry Breeding Plant generated UAH 792.6 million in revenue and UAH 280.3 million in net profit, increasing its turnover by 7.2% year-over-year.
As a result, Onur Group will now focus exclusively on its core sectors — construction and infrastructure — while Myron Ostapchak continues to strengthen Exim Food’s position in Ukraine’s agricultural and meat processing industries.
