Goltsblat BLP advises AFG National on its JV with Volga Group
Goltsblat BLP has advised AFG National on sale of a 35% stake in its subsidiary OOO Yuzhniye Zemli to Volga Group Agro (a company consolidating Volga Group’s agricultural projects). The deal was signed on 26 December 2017.
Yuzhniye Zemli produces top quality apples using the latest technology and manages 400 ha of orchards. In 2018, it intends to launch an additional 300 ha, building the second stage of its fruit storage facility and increasing apple production to ten thousand tonnes.
This is the third major investment project on which Goltsblat BLP has provided full transaction support to АFG National in the past two years. Our dedicated Corporate team included Partner Anton Panchenkov and Associate Dmitry Sheludyaev.
АFG National, a diversified agricultural holding structure, is one of Russia’s majors in the sector, ranking 18th among Russia’s top-50 fastest-growing companies according to RBK.
Notes to Editors
Volga Group is a privately-held investment group managing more than ten projects. The companies of the Group represent Russia’s strategic sectors, such as energy, transport and logistics, infrastructure construction and agriculture.
Goltsblat BLP, a leading international law firm, is the Russian practice of Berwin Leighton Paisner (BLP). Over recent years, Goltsblat BLP has garnered five “Law Firm of the Year” awards according to Chambers Europe Awards, Legal Business European Awards (Legal 500) and The Lawyer European Awards. In 2016-2017, Mergermarket ranked the Goltsblat BLP Corporate/ M&A Practice among the leaders in Russia by M&A deal count (Top-3 as of 1 December 2017).