 | |
| Company type | Public |
|---|---|
| Nasdaq Stockholm: BEF SDB | |
| Industry | Agriculture |
| Founded | Russia (2005) [1] |
| Founder | Michel Orlov [1] |
| Defunct | 2019 |
| Headquarters | Russia |
Key people | Richard Warburton (CEO) |
| 231m roubles [2] | |
| Subsidiaries | LLC Managing Company AGRO-Invest |
| Website |
www |
Black Earth Farming was a public, investment-run agriculture business based in Russia, operating as LLC Managing Company AGRO-Invest. [3] It controlled more than 3,000 square kilometres (1,200 sq mi) of land in the Black Earth Region. [2] Their business goal has been described as the acquisition of "cheap, neglected, but fertile land in the fertile Black Earth regions of Russia" by CEO Richard Warburton. [1] It is sometimes described as a land grab company. [1] [4]
They had a contract with PepsiCo, growing sugar beets and potatoes for them. Other crops include winter wheat, oilseeds, and a variety of other grains. [2]
The company raised its initial funding from the family backed Swedish investment companies Vostok Nafta and Kinnevik who remain major shareholders. [5]
The company sold all its assets and entered voluntary liquidation in 2019. [6]
References
- ^ a b c d Fred Pearce (29 May 2012). The Land Grabbers: The New Fight over Who Owns the Earth. Beacon Press. pp. 134–136. ISBN 978-0-8070-0325-1. Retrieved 15 June 2013.
- ^ a b c "First-ever profit sends Black Earth shares soaring". AgriMoney. 28 Feb 2013. Archived from the original on 30 July 2013. Retrieved 2013-06-15.
- ^ "Company Overview of OOO Management Company AGROInvest". www.bloomberg.com. Retrieved 11 February 2016.
- ^ Global Issues: Selections from CQ Researcher. Cq Press. June 2012. pp. 92. ISBN 978-1-4522-2670-5. Retrieved 15 June 2013.
- ^ "History of Black Earth Farming". blackearthfarming.com. Retrieved 2013-07-09.
- ^ "BEF | News Releases". www.blackearthfarming.com. Archived from the original on 2019-03-14.
External links
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1 Millicom was co-founder in 1982, owning 15%. 2 Merged with Kinnevik in reverse acquisition transactions. 
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