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All news / ABH «Miratorg» concluded an agreement on acquiring assets of PPF Group in Oryol Region

  • 22 Nov 2018, 09:36

ABH «Miratorg», the largest vertically integrated agricultural holding in Russia, announces an agreement to acquire companies in Orel region from the “RAV Agro” holding company controlled by PPF Group.

The main assets of the companies are land masses. «Miratorg» - is the number 1 pork and beef producer in Russia. Crop production is the most important link in the production chain of an agricultural holding: Miratorg feed mills produce natural feeds, from raw materials grown on their own fields, which is the basis of animals and poultry diet on the company's farms. Own feed production allows you to control the cost of the final product and ensure consistently high quality meat. 
ABH «Miratorg» and the PPF Group agreed on the most efficient transfer of farmlands in the region in order to ensure the continuity of the farmery cycle and observe the applied soil-saving technologies. The Agroholding plans to grow grain and leguminous crops on the acquired lands, including winter and spring wheat, corn, and soybeans. The acquisition of new agricultural lands will allow the holding to expand the raw material base for enterprises in the region: an increase in the land bank will be accompanied by the introduction of new processing capacities - feed mill and oil extraction plants.

«The Agroholding is implementing the largest inter-regional project to double the capacity of the pig production division in Oryol region. The new farmland will optimally complete the production structure of the holding in the region, one of the strategic goals of which is 100% self-sufficiency in feed for animals and poultry at the production sites», - the press service of the Agroholding commented.