Megamix to acquire Chuvashia-based agroholding
18 October 2019
Russia’s leading premix producer Megamix plans to acquire 72.9% of an agroholding Yurma, based in Chuvash Republic in the west of Russia. Yurma operates 20,000 hectares of farmland and is engaged in crop, poultry and pork production. In 2018, the company reported net profit of $ 4.1 million. Back in 2017, Yurma’s assets were estimated at $ 125 million. However, due to the company’s outstanding debts, the worth of the deal might be reduced to $ 89 million.