KazAgro National Management Holding informs of project financed by the Kazakh-Hungarian private equity fund in Akmola region

04.01.18 13:11
/KASE, January 4, 2018/ KazAgro National Management Holding (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information: quote The year 2018 in Kazakhstan’s agroindustrial complex started with real investments in the production. The Kazakh-Hungarian private equity fund invested 10.4 mln US dollars into a dairy farm in Akmola region. As we have informed, the Fund was established by the Kazagro National Management Holding in cooperation with the Hungarian Export-Import Bank (Eximbank Hungary). Its purpose is to finance agricultural projects in Kazakhstan. The investment of USD 10.4 mln will be used for equipping the existing farm with the capacity of 1,500 cows to the fullest possible extent and the construction of a new dairy cattle farm for 1,500 heads of cattle (cows). Thus, it is planned to increase the number of high-yielding cattle from 580 to 3,000 heads. unquote Full version of the information is published on the KASE website: - http://kase.kz/files/emitters/KZAG/kzag_reliz_040118_kz.pdf – in the Kazakh language; - http://kase.kz/files/emitters/KZAG/kzag_reliz_040118.pdf – in the Russian language. [2018-01-04]