Ekosem-Agrar AG, a German group of companies operating the Russia-based largest raw milk producer EkoNiva, has completed refinancing its debt to ABH Financial, the managing company of Russian Alfa-Bank. In eary 2020, Ekosem-Agrar transferred € 43 million to its shareholder Torentina Ltd owned by ABH Financial. In response, Alfa-Bank refinanced...

Steppe Agroholding, a Russia-based crop producer, sold its subsidiary Yuzhnyi, a greenhouse complex in Karachay-Cherkessia. The enterprise was acquired by a businessman reportedly engaged in agricultural production in the Stavropol region. The worth of the deal has not been disclosed.  The facility operating 144 hectares is one of the largest...

Epicentr K, a Ukraine-based agroholding, has completed the acquisition of Khmelnytsk-Agro, one of the subsidiaries of another Ukrainian agroholding Svarog West Group. With this deal, Epicentr K expanded its farmland area almost 40% to 160,000 hectares. The acquired enterprise is engaged in crop, seed and livestock productions. Epicentr K plans to...

Epicentr K, a Ukraine-based agroholding, plans to buy farmland after moratorium on farmland sales in Ukraine is lifted. The company has started negotiating respective deals with potential creditors after the law on farmland sales was adopted. To secure future loans, the company is heavily investing in constructing new and renovating existing grain...

Damate Group, one of the largest Russia-based agroholdings, acquired a 100%-stake in Penzaholod, Russia’s ice cream producer. The acquired company produces more than 30 types of ice cream under the Nashe brand, and exports it to Kazakhstan, Belarus, and Armenia. The company has a full production cycle including 12 production lines, waffle baking...

Milkiland, a large-scale dairy producer with operations in Ukraine, Russia, and Poland, posted net loss of $8.3 million in Q1 2020, an increase of 108% as compared to $4 million in Q1 2019. EBITDA fell 560% from negative $240,900 to negative $1.4 million. Revenue decreased 23% to $24.7 million in Q1 2020, as compared to Q1 2019. Gross profit...

After posting its financial results for 2019, the Ukraine-based agroholding IMC S.A. shared its production and investment plans for the nearest future. In particular, the company will invest $4.4 million in renewing its machinery park, and $0.5 million in renovation of its grain elevators in 2020. Also, IMC wants to reduce its debt from $47 million...

Steppe Agroholding, a Russia-based crop producer, has acquired an agricultural enterprise Vysotskoye in the Stavropol region. The enterprise is engaged in crop, dairy, and livestock production. The farmland area of the newly acquired enterprise reportedly equals 5,000 hectares. 

Back in early 2020, Steppe acquired the agricultural enterprise...

Ovostar Union, a vertically integrated Ukrainian egg producer, plans to construct an egg factory in Latvia in cooperation with Adven, an energy provider in the Nordic and Baltic countries. Ovostar’s subsidiary Gallusman has lately signed the respective partnership agreement with Adven. Construction works will start in 2021, based on the results of...