Yug-Zerno to purchase Saratov grain storage | Volga, Finance, business MarchmontNews.com

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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 dealís 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.