OREANDA-NEWS. Agrowill Group, one of the largest agricultural investment companies, has transferred shares of the companies which controls land operating subsidiaries to Fixed Yield Invest Fund, investment fund for informed investors controlled by the fund management company Synergy Finance. In total, the companies indirectly manage around 6.4 thousand hectares of land which has a market value of EUR 24 million. For the 100% of the shares the fund paid by its own-issued investment certificates which on the day of the deal had a market value of EUR 6.6 million. The controlling companies have been transferred together with their financial commitments of EUR 15.3 million.

Transferring subsidiaries to the investment fund allows Company to separate the business of agricultural land management and administration from core activities which are farming, mushroom cultivation and cattle breeding. By selling land assets the financial commitments are also transfered. This deal does not change anything in the daily business of Agrowill Group as the group will rent the land owned by the transferred companies and will carry out its agricultural activities there while paying the market rent price.