REG - Ros Agro PLC - Acquisition 50% of the Shares and Control of NMZhK

Ros AgroAnnouncement

05/07/2023 16:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230705:nRSE0949Fa&default-theme=true

RNS Number : 0949F  Ros Agro PLC  05 July 2023

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQNKPBNQBKDQOK