Support The Moscow Times!

Czech PPF Buys Agro-Pro

Czech investment group PPF has acquired Russian agricultural company RAV Agro-Pro, owner of 164,500 hectares of agricultural land, it said Wednesday.

PPF, controlled by Czech billionaire Petr Kellner, said it bought 100 percent of the Voronezh-based grain and livestock farmer.

PPF, which also owns banking group Home Credit, which plans to raise about $1 billion in a public share offer in September, did not disclose the financial terms of the deal. Investment fund RP Capital was a co-investor in the deal.

(Reuters, Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.