The largest milk producer in the Russian Federation is considering the possibility of temporarily transferring a controlling stake

Ekozem-Agrar AG, the parent company of Russia's largest dairy producer Ekoniwa, is discussing further financing of the Group, including possible equity participation, with Russian banks.

This is stated in the message of the company, distributed yesterday.

The company confirmed that negotiations are currently underway with the main creditor of the Group JSC Rosselkhozbank, as well as PJSC Sberbank on issues of medium and long-term financing of the Group.

In this regard, among other things, the temporary transfer of a controlling stake in Russian operating companies to Rosselkhozbank is being considered.

The press service of Econivy also reminded that the Arbitration Court of the Voronezh Region satisfied the request to impose interim measures in relation to actions aimed at exercising the rights of the bank under the option to buy out shares in the Russian sub-holdings of the Group.

The Ministry of Agriculture told The DairyNews that the department is "informed about this situation and expects to resolve IT, taking into account the interests of all parties."

According to the Center for Dairy Market Research (DIA), Ekoniwa ranks first among the largest Milk producers and 50th in the top 100 leading milk processing companies. In 2020, the holding's enterprises produced 925 thousand tons of milk.

dairynews.ru