AVG: Agrowill Group divests property management from agricultural production business
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.
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