Goltsblat BLP has advised AFG National on the sale of a 35% stake in its subsidiary Yuzhniye Zemli LLC to Volga Group Agro, a company consolidating Volga Group’s agricultural projects. The deal was signed on December 26, 2017.
Yuzhniye Zemli produces top quality apples by what Goltsblat BLP describes as "a super intensive technology." The company currently manages 400 hectares of orchards. In 2018, it intends to launch an additional 300 hectars, build the second stage of its fruit storage facility, and ramp up apple production to 10 thousand tonnes.
Volga Group is a privately-held investment group. The companies of the group represent Russia’s strategic sectors, such as energy, transport and logistics, infrastructure construction, and agriculture.
Goltsblat BLP’s corporate team included Partner Anton Panchenkov and Associate Dmitry Sheludyaev.