ROS AGRО PLC (LSE: AGRO) has announced the acquisition debt and 19.97% shares of the Razguliay Group
30.11.15Rusagro has acquired all existing debt, as well as 19.97% shares of the Razguliay Group from Vnesheconombank. The transaction cost amounted to 33.9 billion rubles. The Company obtained a loan in the amount of 33.9 billion rubles for 13 years at a very low effective interest rate. In the near future the Company plans to analyze the current situation inside the Razguliay Group and assess current capabilities of Razgulyai debt service to Rusagro. Based on the received data Rusagro will define a strategy for restructuring the existing loan portfolio.