Vastory (agricultural holding)

History

2024: Creation of an agricultural holding

On November 1, 2024, it became known that the former president of UGMKIskander Makhmudov completed the formation of the vertically integrated agricultural holding Prostory. The total value of the assets of the new agricultural association is estimated at ₽50 billion, and the area of ​ ​ arable land has reached 450 thousand hectares.

According to Kommersant, Agroholding Prostory JSC received a 99% stake in Investkom LLC, which controls 11 agricultural companies, including AFG National, which specializes in the production of cereals and rice, as well as the Zarechnoye group, which produces marble beef.

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Freepik

Managing Director of BEFL Vladislav Novoselov estimates the area of ​ ​ arable land of the combined holding at 400-450 thousand hectares, which will allow the company to enter the top ten largest landowners in Russia. At the same time, investment banker Ilya Shumov suggests that the total land bank of Makhmudov's structures could reach 600 thousand hectares.

The history of the formation of the agricultural holding began in 2004 with the creation of a greenhouse in Yekaterinburg. In 2015, a goat farm specializing in cheese production was opened. The active expansion of the business took place in 2022, when Makhmudov's structures acquired AFG National, Zarechnoye, as well as a stake in seed supplier Reseed.

Senior analyst at Gazprombank Marat Ibragimov points out that the creation of a vertically integrated holding that combines production and processing assets contributes to the stabilization of financial indicators and an increase in the total value of the business. The holding structure also simplifies management and allows for more efficient allocation of resources between divisions.

The structure of Prostorov also included the crop holding Don-agro"," previously owned by the ex-deputy, and State Duma Evgenia Tugolukova Kosminvest LLC. The new structure will make it possible to optimize the attraction of borrowed funds, including the possibility of concluding repurchase transactions - the transfer of a share in the authorized capital with the obligation to subsequently redeem on the agreed terms.

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