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The Rusagro group of companies acquired KapitalAgro CJSC and Capital AGRO, LLC for 1.8 bn RUR, the company said
The Rusagro group of companies acquired KapitalAgro CJSC and Capital AGRO, LLC for 1.8 bn RUR, the company said.
Net debt of the acquired companies is RUB 1.9 bn. The perimeter of the deal includes pig farms with 10.4 thousand sows and slaughter production of an annual capacity of 400 thousand heads.Russagro plans to modernize pig farms and slaughterhouse, investing about 300 million rubles. As a result of this purchase, Rusagro will increase its market share in half carcasses, large chunks and consumer products.
The group of companies "Rusagro" (INN 5003077160) unites operating companies: Rusagro-Center LLC, Rusagro Agrarian Company LLC, Rusagro-Maslo LLC, Rusagro-Sahar LLC, food processing enterprises: OJSC Valuykisakhar "Zherdevsky" OJSC, Znamensky OJSC, Nika OJSC, Rzhevsky Sugar Company OJSC, Zhirovoy Kombinat OJSC, more than twenty agricultural enterprises in the Belgorod and Tambov regions .The group also deals with dairy farming and actively develops pigs in the Belgorod region The net profit of Rusagro, attributable to I to shareholders, by the end of 2017 under IFRS fell 2.5 times and amounted to 5.63 billion rubles. The total revenue of Rusagro before elimination among segments for the II quarter of 2018 compared with the year before amounted to 17.9 billion rubles. - a decrease of 1.2 billion rubles. (-6%).