Goltsblat BLP has advised AFG National on sale of a 35% stake in its subsidiary OOO Yuzhniye Zemli to Volga Group Agro (a company consolidating Volga Group's agricultural projects). The deal was signed on 26 December 2017.

Yuzhniye Zemli produces top quality apples using the latest technology and manages 400 ha of orchards. In 2018, it intends to launch an additional 300 ha, building the second stage of its fruit storage facility and increasing apple production to ten thousand tonnes.

This is the third major investment project on which Goltsblat BLP has provided full transaction support to AFG National in the past two years. Our dedicated Corporate team included Partner Anton Panchenkov and Associate Dmitry Sheludyaev.

AFG National, a diversified agricultural holding structure, is one of Russia's majors in the sector, ranking 18th among Russia's top-50 fastest-growing companies according to RBK.