Agronova JSC, a Russian company developing agricultural projects in the Krasnodar Territory, and Marathon Group, a diversified investment company, have become strategic investors in the holding company. Following the deal, Agronova JSC's stake in the company is 25% and Marathon Group's is 24.999%.
The VTB Group remains the owner of Demetra-Holding with a stake of more than 50%.
The deals for new investors to enter the capital of the holding company were cash and closed in April 2020.
Further development of Demetra-Holding involves increasing the efficiency and speed of supply chains within the country, creating conditions for transparent pricing of Russian grain in the domestic market, as well as the renovation of infrastructure, which will strengthen the position of Russian agricultural products on world markets.
Vitaly Sergeychuk, Senior Vice President of VTB Bank, Deputy Head of the Department for Relations with Customers in Market Sectors, CEO of Demetra-Holding LLC, said: 'We plan to develop the business of Demetra-Holding together with professional partners aimed at improving the competitiveness of Russian grain on international markets. VTB's experience of cooperation with our partners in other projects of the group creates good preconditions for a new stage of the holding's business growth.'