APF Holdings (hereinafter – APF), which includes one of the largest poultry farming and egg production companies in Latvia, LLC Alūksnes putnu ferma, has a majority shareholder, Jurijs Adamovičs, who has established a new food production group of companies Agrova International, whose goal is to become a rapidly growing European-level producer of poultry, eggs and innovative egg products.
Agrova International has taken over the APF shares owned by Jurijs Adamovičs, and will also acquire new production assets in Europe, turning Agrova International into an international group of companies with diversified operations in various countries. It is planned that it will be possible to announce the addition of new assets to the Agrova group within the next 3–6 months.
APF, in turn, will continue its development in the Baltic region and will be a part of Agrova International, and will also remain a company listed on the Nasdaq Riga stock exchange.
Agrova International will use both investments made by J. Adamovičs and also attract funds from international financial investors for the acquisition of new assets. At the same time, next year Agrova International will invest 25 million euros in the development of Alūksnes putnu ferma to promote the company’s operations in the Latvian and Baltic markets.
“The goal of establishing Agrova is to significantly expand market presence in Europe, creating synergies between the already successfully operating APF holding and its Alūksnes putnu ferma and new production companies from other countries that we hope to add to the Agrova group. I have no doubt that existing APF shareholders will benefit from this, as the creation of Agrova will also mean attracting new investments and broader development opportunities in the future. It was precisely the successful growth of APF and its innovative approach to the production of eggs and various egg protein products that gave the impetus to establish a new international group, because I can see that demand for egg protein products is growing and stable not only in the Baltics. Agrova’s goal is to capitalize on this demand-driven market opportunity and expand beyond the borders of the Baltics,” says Jurijs Adamovičs, founder of APF Holdings and Agrova International.
Originally published at https://inc-baltics.com/apf-holdings-lielakais-akcionars-dibina-jaunu-starptautisku-partikas-razosanas-uznemumu-grupu-agrova-international/
Like
Love
Happy
Haha
Sad
