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Lithuania's KG Group to invest EUR 10 mln in Belarus
BC, Vilnius, 10.03.2017.
Print version
Print version Lithuania's KG Group, which is controlled by Tautvydas Barstys, is set to invest 10 million euros in its two companies in Belarus after securing a working capital loan from the European Bank for Reconstruction and Development (EBRD), reports LETA/BNS.
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"We see that the market segment of animal feed premixes manufacturing is developing in Belarus. It means we can share our experience we gained in Lithuania and other countries by manufacturing premixes, feeds, retailing veterinary pharmacy," Barstys was quoted as saying in a press release.
KG Group will invest in the animal feed, veterinary pharmacy, crop protection and seeds trading company KLM and the protein and mineral supplements producer Belfidagro.
The two Belarusian companies have combined annual revenue of 50 mln euros and employ around 100 people in total.
The group currently owns 20 companies in Lithuania and other countries.
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