News archive

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14 December 2018

Marfrig repaid a $ 900 million loan

News -

The Brazil-based beef producer Marfrig reports to have repaid a $ 900 million bridge loan for the acquisition of the National Beef Packing Company LLC. The repayment became possible due to the sale of Marfrig’s US subsidiary Keystone Foods to Tyson Foods for $ 2.4 billion.  In November 2018 Marfrig reported the transfer of $ 1.4 billion from Tyson...

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14 December 2018

IMC reports a bumper harvest of corn

News -

IMC, one of the leading agroholdings in Ukraine, completed the harvesting campaign of corn. In total, more than 762,000 tonnes of corn were harvested from 68,400 hectares. The average yield amounted to 11.1 tonnes per hectare, 44% more than the average countrywide figure of 7.7 tonnes per hectare and a record high over 11 years of the company’s...

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14 December 2018

Cherkizovo purchased Altaisky Broiler for $69 million

News -

Cherkizovo Group, the largest vertically integrated meat producer in Russia, reported the acquisition of the poultry producer Altaisky Broiler from Prioskolie agroholding. The enterprise consists of a hatchery, a feed mill, four feedlots, a slaughterhouse and a poultry processing plant. The total worth of the transaction is estimated at RUB 4.6...

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13 December 2018

Marfrig buys QuickFood from BRF for $ 55 million

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The Brazil-based beef producer Marfrig signed an agreement with the food company BRF for the acquisition of its Argentine unit Quickfood SA. The total worth of the transaction is $ 54.9 million. Quickfood is the leading producer of beef derived products in Argentina. The company operates three plants located in San Jorge, Baradero and Arroyo Seco,...

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12 December 2018

Agromino: net loss of € 6.3 million

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Agromino, an agroholding with operations in Ukraine, Russia and Estonia, reported a net loss of € 6.3 million for January-September 2018, reversing its year-ago net profit of €6.6 million for the same period. The revenue slid 29% to € 16.9 million. EBITDA came in at a loss of €4.3 million versus a positive EBITDA of € 7.2 million in the...

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12 December 2018

Nibulon to transport cargo by water

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A Ukrainian agroholding Nibulon plans to redirect its cargo traffic from road to water transport within 2 years. The total volume of goods, transported along the Dnipro River, is to reach 4 million tonnes per year. Thereby the company plans to reduce the strain on the roads in the areas of its operations. Thus far, Nibulon operates 83,000 ha, 44...

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11 December 2018

Kernel: net profit up 3.3 times

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Kernel, one of the largest Ukraine’s agroholdings and the world’s leading producer of sunflower oil, reported a net profit of $ 75.5 million in the first quarter of 2018/2019 fiscal year (FY), a more than 3 times increase compared to the same period last year. The company’s revenue has doubled and equals $ 1.14 billion.

EBITDA rose 2.2 times to a...

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11 December 2018

Steppe acquired a sugar trader

News -

Steppe agroholding, an agricultural subsidiary of AFK Sistema Corporation, purchased Investoprom-Opt, the largest Russian sugar trader based in the Rostov region. The transaction value was not disclosed. The approximate net asset value of Investoprom-Opt amounts to RUB 63.2 million (about $945,000).

Investoprom-Opt is engaged in sugar and cereal...

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11 December 2018

Rusagro took over the debt of Solnechnye Produkty

News -

Rusagro, one of the largest Russian agroholdings operating 675,000 hectares, acquired 80% of the debt of an oil producer Solnechnye Produkty , an agricultural subsidiary of Bouquet Group.  The value of the transaction amounted to RUB 34.7 billion ($ 520 million). The purchased debt is collateralized by the company’s major assets.

The acquisition...

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10 December 2018

Natalia Mamonova: The development of large-scale agriculture in Russia and Ukraine follows a very similar trajectory despite legislative, institutional and political differences

Opinion -

Russia and Ukraine are often compared to each other with regard to their agricultural and rural development. These countries are the region’s major agricultural producers, in which farmland is the target for national and international capital investments. Despite the slightly different institutional design and the speed of the post-Soviet land...

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