OREANDA-NEWS.  January 23, 2012. Agroton Public Limited (AGT:PW) is pleased to announce that in line with its acquisition plan, it has acquired a 100% interest in Gefest LLC and Tais-Abb PE for cash consideration of USD 15 million.

The acquisition of new agricultural enterprises allows Agroton Public Limited to increase its agricultural land under control by 20,000 hectares (13,2%), from 151,000 hectares to 171,000 hectares.

The new agricultural land is high-quality black soil land, located in close proximity to the company’s major assets.

Iurii Zhuravlov, Chairman of Agroton Public Limited, stated: “The acquisition of Gefest LLC and Tais-Abb PE is an important new development for Agroton Public Limited. The acquisition offers the Company a platform to expand further its operations in the region.”