Volga | Finance, business | Industry, manufacturing

Yug-Zerno to purchase Saratov grain storage

5 Aug '08
Group of agribusinesses Yug-Zerno, city of Taganrog, Rostov Region, has submitted to the Federal Antimonopoly Service an application for the purchase of a 60.4-percent stake in Maximovskoe Grain Collecting Company, Saratov Region, the group reported today.

The deal’s details have not been disclosed but experts estimate its value is around $2.5m.

The company wants to sell grain from Saratov Region, where it has a rep office, in the domestic market.

According to analysts, the grain operator has made a logical step in an effort to reinforce its positions in the Russian market.
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Tags: Taganrog (53) / Saratov (273) / Yug Zerno (0) / Maximovskoye Grain Collecting Company (0) / Federal Antimonnopoly Service (0) /

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