MOSCOW, Aug 14 (Reuters) - Russian farming conglomerate
Rusagro sees 2020 capital expenditure at around 15-20
billion roubles ($205.4-273.8 million), said Chief Executive
Maxim Basov in a conference call on Friday.
Rusagro had previously reduced its 2020 capex estimate to 15
billion roubles from 20 billion roubles due the uncertainty and
risks associated with the COVID-19 pandemic.
He added that dividend payments were likely to be the same
as last year's levels, when they constituted about 50% of
profits.
($1 = 73.0375 roubles)
(Reporting by Olga Popova; Writing by Alexander Marrow, editing
by Louise Heavens)