Arzinger has advised a group of the Middle East investors led by Agromilk Holding (UAE) on their acquisition of the state-owned dairy farm located in the Grodno region of Belarus. The multimillion investment project is aimed at the development of the current facilities and the construction of new ones, as well as increasing the livestock.
The Arzinger’s team was led by Partner Dmitry Viltovsky and Deputy Director Klim Stashevsky. Viltovsky, who was responsible for real estate and sale & purchase aspects of the deal, noted that “this deal is a good indicator of attractiveness of the agricultural sector of the Belarusian economy. Our government can offer decent incentives to investors willing to commit to their obligations.”
Stashevsky led the team working on the investment agreement itself. He commented that “the signing of this investment agreement became a remarkable milestone in the development of an investment practice in Belarus. It is good to witness that both foreign investors and the Government are interested in PPP projects.”