Private Equity Russia

RusAgro, one of the largest Russian agricultural holding companies, is preparing for IPO in May, 2010.  Reuters originally reported that the IPO would be held in London, but Forbes is now reporting that the IPO will be in Russia.

The company will seek to raise from $250-$300 million.

Read the rest of this entry →

Russian agricultural leaders will be participating in one of Europe’s largest agricultural conferences, – Salon International de L’Agriculture (SIA) 2010, from February 27 to March 7 in Paris, where they will present specific direct investment and joint venture opportunities in Russia’s agricultural sector.

Read the rest of this entry →

PNB has acquired a controlling equity stake in Kazakhstan’s DanaBank JSC.  According to a statement released by the parties, the newly capitalized joint bank will focus on Kazakh SME financing and the agricultural sector.

Terms of the private equity transaction were not disclosed but it is known that Danabank had assets of approximately $20 million at the end of 2009, and was in danger of losing it’s banking license for falling below minimum reserve requirements on its debt portfolio.

Read the rest of this entry →