Altima

Razgulay founder arrested on embezzlement charges

Investigators discovered that top managers signed fictitious agreements to buy land for a total of 20 billion rubles, and that the money was later transferred to shell corporations before disappearing.

Altima buys 8.18 pct in Gruppa Razgulyay

Altima Restructure Fund Ltd. (Altima), a unit of an international agricultural investor Altima Partners, has acquired an 8.18 pct stake in Russian agricultural holding Gruppa Razgulyay.

Public hearing: Food security

With famine hitting the horn of Africa, the European Parliament holds a full-day hearing on food security challenges in developing countries, looking at EU policies, sustainable farming, commodity speculation, land grab and other key food-related issues.

Brazil outback lures Argentine farm giant

El Tejar will plant more than 1 million acres in Mato Grosso this upcoming season and nearly 2.75 million acres across South America, making it the largest farm company in the world.

IFC to invest in new agribusiness fund

The International Financial Corp, the World Bank’s private-sector lender, said on Thursday it will invest $75 million in a new agribusiness fund to increase global food supplies. IFC said it had joined forces with Altima Partners, which manages the $625 million Altima One World Agricultural Fund, to create a fund to invest in farming operations and agricultural land in emerging market countries.