Yunost to acquire farm complex
11 March 2021
Yunost, a Russia-based agroholding, plans to acquire a 98.98% stake in the large-scale farming enterprise Tambovsky (TambovAgroInvest LLC) operating 40,000 hectares of farmland in the Tambov region. 49% of the enterprise’s shares are owned by Danish investors Danrus Agro ApS and Avgas ApS. According to market experts, the worth of the deal might reach from $23 million to $35 million. With this deal, Yunost will expand its farmland area under operation up to 70,000 hectares.