Company type | Public |
---|---|
Nasdaq Stockholm: BEF SDB | |
Industry | Agriculture |
Founded | Russia (2005) [1] |
Founder | Michel Orlov [1] |
Defunct | 2019 |
Headquarters | Russia |
Key people | Richard Warburton (CEO) |
231m roubles [2] | |
Subsidiaries | LLC Managing Company AGRO-Invest |
Website |
www |
Black Earth Farming was a public, investment-run agriculture business based in Russia, operating as LLC Managing Company AGRO-Invest. [3] It controlled more than 3,000 square kilometres (1,200 sq mi) of land in the Black Earth Region. [2] Their business goal has been described as the acquisition of "cheap, neglected, but fertile land in the fertile Black Earth regions of Russia" by CEO Richard Warburton. [1] It is sometimes described as a land grab company. [1] [4]
They had a contract with PepsiCo, growing sugar beets and potatoes for them. Other crops include winter wheat, oilseeds, and a variety of other grains. [2]
The company raised its initial funding from the family backed Swedish investment companies Vostok Nafta and Kinnevik who remain major shareholders. [5]
The company sold all its assets and entered voluntary liquidation in 2019. [6]
Company type | Public |
---|---|
Nasdaq Stockholm: BEF SDB | |
Industry | Agriculture |
Founded | Russia (2005) [1] |
Founder | Michel Orlov [1] |
Defunct | 2019 |
Headquarters | Russia |
Key people | Richard Warburton (CEO) |
231m roubles [2] | |
Subsidiaries | LLC Managing Company AGRO-Invest |
Website |
www |
Black Earth Farming was a public, investment-run agriculture business based in Russia, operating as LLC Managing Company AGRO-Invest. [3] It controlled more than 3,000 square kilometres (1,200 sq mi) of land in the Black Earth Region. [2] Their business goal has been described as the acquisition of "cheap, neglected, but fertile land in the fertile Black Earth regions of Russia" by CEO Richard Warburton. [1] It is sometimes described as a land grab company. [1] [4]
They had a contract with PepsiCo, growing sugar beets and potatoes for them. Other crops include winter wheat, oilseeds, and a variety of other grains. [2]
The company raised its initial funding from the family backed Swedish investment companies Vostok Nafta and Kinnevik who remain major shareholders. [5]
The company sold all its assets and entered voluntary liquidation in 2019. [6]