Phoenix Global - the Dubai-based agri-trader which directly farmed more than 150,000 hectares in Kazakhstan, Ukraine, Russia, Uganda, Mozambique and India - is now in liquidation
Trigon Agri shares tumbled 11%, matching their record low, after the former Soviet Union farm operator unveiled a widening in losses and weakening in its balance sheet, and termed 2016 a "year of challenges".
Danish-based Trigon Agri downplayed the risk to agriculture from Ukraine's crisis, saying it would probably herald a "better business environment".
"I’ve put together a table with what I think are the main Swedish land investments in Russia and Ukraine," writes Brian Kuns. "In doing this, I ran into some of the known difficulties associated with monitoring the phenomenon of large-scale land-acquisition."
The Black Sea farm operator revealed it had "expanded" the deal to swap land holdings after a collapse of nearly 50% in its Russian crop production.
Trigon Agri, in its second acquisition this month , raised its Black Sea landbank nearly to 200,000 hectares, in a deal the farm operator said would "substantially upgrade the quality" of its Russian portfolio.
The Black Sea farm operator, which on Tuesday said it was poised "to announce a number of new acquisitions by the end of May" in dairy, on Thursday unveiled the first, of the 4,160-hectare Vaatsa Agro business.
Trigon Agri unveiled plans to expand in Russia through the acquisition of a "large scale" farm operator - and to become Europe's top dairy producer - as it unveiled its first annual profit.
Investors are pouring billions into Russian agribusiness—and trying to reverse decades of Soviet mismanagement.
Companies listed on European exchanges have been acquiring large amounts of farmland in Russia
Les compagnies étrangères cotées dans les bourses européennes achètent activement des terres agricoles en Russie
|
Acaparamiento de tierras, mares y atmósferas
|
|
Massive Riverina farm sold to Aussie investors
|
|
Situation Apouh: la Socapalm interpelle l’Etat !
|
