OREANDA-NEWS. June 06, 2011. Avangard Asset Management Company, acting on behalf of its managed private equity investment fund in agriculture AVG CIS Agricultural Opportunities Fund, increased control over 29.99% of the shares of Razgulay Group OJSC, according to a recently received permission by FAS, and became the largest shareholder, reported the press-centre of Razgulay Group.

According to Rustem Mirgalimov, Managing Partner of Avangard Asset Management and Chairman of the Board of Directors of Razgulay, "Since the beginning of the year there was significant turnover in company shares. We get acquainted with other shareholders and discuss the prospects of development of the Group.

Such an interest in Razgulay shares can be explained by the fact that agricultural industry in Russia as a whole has a great potential in the medium and long term perspective. And the company, subject to concentration on core business areas (rice, sugar), their synergistic effect in the framework of the adopted medium-term strategy and leading position in production of rice and sugar is an attractive asset for the market. "