Last checked at 5 Jul 2023 15:46
Ros Agro PLC Announces the Closing of a Deal to Acquire 50% of the Shares and Control of NMZhK Group of Companies.
Moscow, July 05, 2023 - Ros Agro (London Stock Exchange code AGRORq, Moscow Exchange code AGRODR), Russia's largest vertical agricultural holding, announces the closing of a deal to acquire 50% of the shares and control of NMZhK group of companies from the Russian shareholders.
Ros Agro will focus their efforts on development of NMZhK brands and full potential of the investment. The deal will allow NMZhK and Ros Agro to realize synergies in the meal, oil, industrial fats and B2C markets. An unquestionable priority is to maintain the reliable and efficient operation of the NMZhK group under the existing contracts.
"Control over NMZhK will allow Ros Agro to occupy key positions in core segments of the B2C market, including becoming the No. 1 producer of mayonnaises and mayonnaise sauces in Russia, significantly strengthening its position in sunflower oil and related seed products, as well as in a number of industrial fats product categories. This market positioning will allow shareholders to take advantage of economies of scale, including optimizing logistics and a number of other cost items and reducing purchase prices. We also count on strengthening of the oil and fats business through the NMZhK team and exchange of the best business practices," Timur Lipatov, General Director of Ros Agro Group of Companies LLC said.
NMZhK group owns an oil and fats plant in Nizhny Novgorod, oil extraction facilities in Uryupinsk and Sorochinsk, and elevators in Volgograd, Orenburg, Samara, Saratov regions and in the Republic of Bashkortostan.The company produces Ryaba and Sdobri mayonnaises and sauces, Astoria sauces and ketchups, Hozyayushka margarines, Kremlevskoye spreads and Moy Malysh baby soaps.