date:Jun 07, 2012
ted industries in the region is estimated at RUB9.8bn.
Damate Agribusiness is itself a joint venture between Russian company Rusmolco and the Singaporean Company Olam International. Legal firm Gide Loyrette Nouel, which acted as advisor in the setting up of the new venture, said Rusmolco and Olam had embarked on an agricultural investment project unprecedented in scale. The Penza initiative was in line with ambitious plans for agriculture development in the region, it said.