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Agrokultura

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Namestring
Agrokultura
Legal namestring
УК «Продимекс Агро»
Websiteurl
agrokultura.com
Company typeenum
Private
Founded yearint
2001
Descriptiontext

Agrokultura, operating since 2001 and rebranded to UC 'Prodimex Agro' in 2021, is one of the largest agricultural holding companies in Russia's Central Black Earth Region. As a wholly-owned subsidiary of GK Prodimex Group, it manages over 156,000 hectares of arable land across Voronezh, Lipetsk, Tambov, and Belgorod oblasts, and operates two elevators with combined simultaneous storage capacity exceeding 500,000 tons, supplemented by Silo bag polymer-sleeve storage technology. The company is the largest sugar beet producer in Voronezh Oblast, with sugar beet as its priority crop, followed by grain (including durum spring wheat introduced in 2021) and other crops, and it runs the Talovsky Seed Factory (opened 2017) which provides approximately 50% of the holding's seed requirements.

The company's product portfolio is organized around four core areas: plant production (sugar beet and grain cultivation), elevators (storage and logistics), seed production (domestic sugar beet and grain seed breeding), and agricultural machinery (a modern fleet of high-performance tractors, harvesters, and modular solution units). Proprietary technology includes automated active ventilation storage for sugar beets that extends the production campaign to 150 days, and computer-controlled modular solution units that automate agrochemical dosing and mixing. The firm employs approximately 4,000 people, is described as Russia's largest agricultural enterprise as of 2018, and is actively recruiting mechanizers and agronomists across its operating regions.

The business model is B2B agricultural commodity production sold through direct enterprise field sales to processing facilities, with the strategic sugar beet output contracted to the parent group's sugar factories, and grain and other crops sold to commodity markets. Revenue is generated from agricultural commodity sales; pricing is not publicly disclosed and operates through direct bilateral transactions rather than market-listed pricing. The company does not publish financial results, has no public listing, and reports no external funding rounds, indicating a privately held structure fully internalized within the GK Prodimex conglomerate.

Short descriptiontext

Agrokultura (UC Prodimex Agro) is a Russian agricultural holding and subsidiary of GK Prodimex Group that cultivates sugar beets, grain, and seeds across 156,000+ hectares in the Central Black Earth Region, selling primarily to the parent group's sugar factories.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersStockholm, Sweden
HQ citystring
Stockholm
HQ countrystring
Sweden
HQ regionstring
Europe
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
agricultural commodity production, sugar beet cultivation, grain storage services, seed production, crop farming
Industry2 codes
1Sugar Beet Farming
CodeAFAGAEABPrimaryYes
2Sugar & Starch Crop Contract Growing & Plantation Operations
CodeAFAGAEALPrimaryNo
NAICS code2 codes
  • Sugar Beet Farming111991
  • Oilseed and Grain Farming1111
SIC code1 code
  • Agricultural Production-Crops100
Product category
Agricultural Commodity Production
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Agricultural commodity production and sales
TypeTransaction Fee
Description

Growing and selling agricultural commodities including sugar beets, grains, and other crops. Sugar beet harvest serves as raw material for parent company's sugar factories. Revenue generated through direct sales of agricultural products to processing facilities and commodity markets.

prodimex-agro.ru
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Agrokultura (operating as UK Prodimex Agro) is an integrated agricultural holding that cultivates and stores agricultural commodities in Russia's Central Black Earth Region. Its primary activities include sugar beet production (sold as raw material to its parent group's sugar factories), grain cultivation (wheat and other crops), seed production via the Talovsky Seed Factory, and grain storage through elevators with over 500,000 tons of simultaneous capacity. The company manages 156,000+ hectares of arable land across Voronezh, Lipetsk, Tambov, and Belgorod oblasts.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Storage capacity: 500,000+ tons
+2 more records
Product overview1 text field

Agrokultura (Продимекс Агро) operates as an integrated agricultural holding company combining four core service areas: crop production (Растениеводство) focused on sugar beets and grains, seed production (Семена) through the Talovsky seed factory with Petkus equipment, grain storage via elevators (Элеваторы) with 500,000+ ton capacity using Silo bag technology, and agricultural machinery (Техника) services. The company manages agricultural assets across the Central Chernozem region of Russia in Voronezh, Lipetsk, Tambov, and Belgorod oblasts.

Product and service4 records
1Elevators (Элеваторы)
CategoryGrain storage and handling
Description

Grain and agricultural product storage facilities with total storage capacity exceeding 500,000 tons, including warehouses and polymer sleeve storage using Silo bag technology. Available to processing facilities and commodity buyers in the Central Black Earth Region.

2Plant Production (Растениеводство)
CategoryCrop production
Description

Agricultural crop cultivation services in the Central Chernozem region of Russia, with sugar beets as the priority crop, supplemented by wheat (including durum spring wheat introduced in 2021) and other grain crops. Sold to parent company sugar factories and grain markets.

3Seed Production (Семена)
CategorySeed production and processing
Description

Seed production and processing operations including the Talovsky seed factory with Petkus grain cleaning equipment, providing approximately 50% of the agricultural holding's seed needs. Supports domestic sugar beet selection programs.

4Agricultural Machinery (Техника)
CategoryAgricultural equipment
Description

Modern fleet of high-performance agricultural machinery including energy-saturated tractors, trailers, self-propelled units, grain and sugar beet harvesters, and modular solution units, supporting the company's field operations and agrotechnology trials.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1ГК Продимекс (Parent Company)
Strategic tierCoreTypeStrategic or Co-development Partner
Description

УК Продимекс Агро is part of ГК Продимекс group. Operates as agricultural production unit supplying raw materials to parent company's sugar factories and other processing facilities. Integration provides guaranteed market access and optimized logistics across the agricultural value chain.

prodimex-agro.ru
Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

One of Russia's largest vertically integrated agro-holdings combining sugar beet production, grain farming, and processing. Directly comparable in geography (Central Black Earth region), crop mix (sugar beet, wheat, barley), and downstream integration into sugar processing, serving the same captive and commodity markets.

TypeDirect peer
Description

Major Ukrainian agro-holding producing sugar beet, grains, soybeans, and milk on a large land bank. Closely comparable as a sugar beet specialist with grain diversification, vertically integrated sugar processing, and significant Black Earth-region acreage.

TypeDirect peer
Description

Leading Black Sea agricultural producer and exporter of grains, oilseeds, and sunflower oil with large farmland and storage assets. Comparable in scale (large land bank, multi-million-ton storage, modern machinery fleet) and in the reliance on Russian/Ukrainian export-grain economics, though focused more on oilseeds.

TypeDirect peer
Description

Europe's largest sugar producer from sugar beet, processing millions of tons annually across multiple countries. Most directly comparable as a sugar beet-based enterprise with adjacent crop farming and large processing footprint, albeit at a much larger scale and with European geographic exposure.

TypeEmerging player
Description

Ukraine-headquartered agro-industrial company combining grain production, poultry, and meat processing on a large land bank. Comparable as a Black Sea-region vertically integrated agro-holding operating 100,000+ hectares with modern machinery and large storage, though its core downstream differs (poultry vs. sugar).

TypeBroad incumbent
Description

French sugar beet cooperative and one of the world's largest sugar producers, with adjacent starch and ethanol activities. Comparable in primary feedstock (sugar beet) and integrated processing model, but globally diversified and structured as a farmer cooperative rather than a corporate holding.

TypeBroad incumbent
Description

One of the world's largest privately held agribusinesses with trading, processing, and risk management across grains, oilseeds, and sugar. Overlaps with Agrokultura as a major participant in agricultural commodity sourcing, handling, and trade flows, but operates far more broadly and globally.

TypeBroad incumbent
Description

Global agribusiness and food ingredient processor with large presence in grain origination, oilseed crushing, and sweetener/sugar businesses. Comparable to Agrokultura at the commodity grain and adjacencies level, though vastly larger and publicly listed with diversified downstream processing.

TypeBroad incumbent
Description

Global merchant and processor of agricultural commodities with strong Black Sea and Russian grain origination activities. Comparable as a buyer/competitor in the same wheat and soft commodity markets where Agrokultura sells, but with a global origination-to-shipping platform rather than a pure farm production model.

TypeBroad incumbent
Description

Global sugar trader and producer operating across the sugar value chain from cane and beet origination to refined sugar distribution. Comparable in the sugar-side economics Agrokultura feeds into via parent Prodimex, though Sucden's scope is international trading rather than Russian arable farming.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles11 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Agrokultura

Agricultural Commodity Productionagrokultura.com

Agrokultura (UC Prodimex Agro) is a Russian agricultural holding and subsidiary of GK Prodimex Group that cultivates sugar beets, grain, and seeds across 156,000+ hectares in the Central Black Earth Region, selling primarily to the parent group's sugar factories.

What Agrokultura does

Agrokultura, operating since 2001 and rebranded to UC 'Prodimex Agro' in 2021, is one of the largest agricultural holding companies in Russia's Central Black Earth Region. As a wholly-owned subsidiary of GK Prodimex Group, it manages over 156,000 hectares of arable land across Voronezh, Lipetsk, Tambov, and Belgorod oblasts, and operates two elevators with combined simultaneous storage capacity exceeding 500,000 tons, supplemented by Silo bag polymer-sleeve storage technology. The company is the largest sugar beet producer in Voronezh Oblast, with sugar beet as its priority crop, followed by grain (including durum spring wheat introduced in 2021) and other crops, and it runs the Talovsky Seed Factory (opened 2017) which provides approximately 50% of the holding's seed requirements.

The company's product portfolio is organized around four core areas: plant production (sugar beet and grain cultivation), elevators (storage and logistics), seed production (domestic sugar beet and grain seed breeding), and agricultural machinery (a modern fleet of high-performance tractors, harvesters, and modular solution units). Proprietary technology includes automated active ventilation storage for sugar beets that extends the production campaign to 150 days, and computer-controlled modular solution units that automate agrochemical dosing and mixing. The firm employs approximately 4,000 people, is described as Russia's largest agricultural enterprise as of 2018, and is actively recruiting mechanizers and agronomists across its operating regions.

The business model is B2B agricultural commodity production sold through direct enterprise field sales to processing facilities, with the strategic sugar beet output contracted to the parent group's sugar factories, and grain and other crops sold to commodity markets. Revenue is generated from agricultural commodity sales; pricing is not publicly disclosed and operates through direct bilateral transactions rather than market-listed pricing. The company does not publish financial results, has no public listing, and reports no external funding rounds, indicating a privately held structure fully internalized within the GK Prodimex conglomerate.

Agrokultura firmographics

Firmographics
Name
Agrokultura
Legal name
УК «Продимекс Агро»
Website
https://agrokultura.com
Company type
Private
Founded year
2001
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Agrokultura (UC Prodimex Agro) is a Russian agricultural holding and subsidiary of GK Prodimex Group that cultivates sugar beets, grain, and seeds across 156,000+ hectares in the Central Black Earth Region, selling primarily to the parent group's sugar factories.
Ownership category
akta.pro rank

Agrokultura industry classification

Industry
Product category
Agricultural Commodity Production
NAICS
Sugar Beet Farming (111991), Oilseed and Grain Farming (1111)
SIC
Agricultural Production-Crops (100)
akta.pro primary industry
Sugar Beet Farming (AFAGAEAB)
akta.pro secondary industry
Sugar & Starch Crop Contract Growing & Plantation Operations (AFAGAEAL)

Keywords

  • Agricultural commodity production
  • Sugar beet cultivation
  • Grain storage services
  • Seed production
  • Crop farming

Where Agrokultura is headquartered

Location

Headquarters

HQ city
Stockholm
HQ country
Sweden
HQ region
Europe

Offices3 records

Markets served

Agrokultura business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure

Revenue model

  1. Agricultural commodity production and sales: Growing and selling agricultural commodities including sugar beets, grains, and other crops. Sugar beet harvest serves as raw material for parent company's sugar factories. Revenue generated through direct sales of agricultural products to processing facilities and commodity markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Agrokultura product offering

Product offering

Core offering

Agrokultura (operating as UK Prodimex Agro) is an integrated agricultural holding that cultivates and stores agricultural commodities in Russia's Central Black Earth Region. Its primary activities include sugar beet production (sold as raw material to its parent group's sugar factories), grain cultivation (wheat and other crops), seed production via the Talovsky Seed Factory, and grain storage through elevators with over 500,000 tons of simultaneous capacity. The company manages 156,000+ hectares of arable land across Voronezh, Lipetsk, Tambov, and Belgorod oblasts.

Product overview

Agrokultura (Продимекс Агро) operates as an integrated agricultural holding company combining four core service areas: crop production (Растениеводство) focused on sugar beets and grains, seed production (Семена) through the Talovsky seed factory with Petkus equipment, grain storage via elevators (Элеваторы) with 500,000+ ton capacity using Silo bag technology, and agricultural machinery (Техника) services. The company manages agricultural assets across the Central Chernozem region of Russia in Voronezh, Lipetsk, Tambov, and Belgorod oblasts.

Differentiator

Problem solved

Functional benefit

Products and services

  • Elevators (Элеваторы) Grain and agricultural product storage facilities with total storage capacity exceeding 500,000 tons, including warehouses and polymer sleeve storage using Silo bag technology. Available to processing facilities and commodity buyers in the Central Black Earth Region.
  • Plant Production (Растениеводство) Agricultural crop cultivation services in the Central Chernozem region of Russia, with sugar beets as the priority crop, supplemented by wheat (including durum spring wheat introduced in 2021) and other grain crops. Sold to parent company sugar factories and grain markets.
  • Seed Production (Семена) Seed production and processing operations including the Talovsky seed factory with Petkus grain cleaning equipment, providing approximately 50% of the agricultural holding's seed needs. Supports domestic sugar beet selection programs.
  • Agricultural Machinery (Техника) Modern fleet of high-performance agricultural machinery including energy-saturated tractors, trailers, self-propelled units, grain and sugar beet harvesters, and modular solution units, supporting the company's field operations and agrotechnology trials.

Quantifiable outcome

  • Storage capacity: 500,000+ tons
  • +2 more outcomes

Companies that use Agrokultura

Customer profile

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Agrokultura technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Agrokultura partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • ГК Продимекс (Parent Company)coreStrategic or Co-development PartnerУК Продимекс Агро is part of ГК Продимекс group. Operates as agricultural production unit supplying raw materials to parent company's sugar factories and other processing facilities. Integration provides guaranteed market access and optimized logistics across the agricultural value chain.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Agrokultura competitors and assessment

Company assessment

Direct peers

  • RusAgro: One of Russia's largest vertically integrated agro-holdings combining sugar beet production, grain farming, and processing. Directly comparable in geography (Central Black Earth region), crop mix (sugar beet, wheat, barley), and downstream integration into sugar processing, serving the same captive and commodity markets.
  • Astarta-Kyiv: Major Ukrainian agro-holding producing sugar beet, grains, soybeans, and milk on a large land bank. Closely comparable as a sugar beet specialist with grain diversification, vertically integrated sugar processing, and significant Black Earth-region acreage.
  • Kernel Holding: Leading Black Sea agricultural producer and exporter of grains, oilseeds, and sunflower oil with large farmland and storage assets. Comparable in scale (large land bank, multi-million-ton storage, modern machinery fleet) and in the reliance on Russian/Ukrainian export-grain economics, though focused more on oilseeds.
  • Südzucker: Europe's largest sugar producer from sugar beet, processing millions of tons annually across multiple countries. Most directly comparable as a sugar beet-based enterprise with adjacent crop farming and large processing footprint, albeit at a much larger scale and with European geographic exposure.

Emerging players

  • MHP (Myronivsky Hliboproduct): Ukraine-headquartered agro-industrial company combining grain production, poultry, and meat processing on a large land bank. Comparable as a Black Sea-region vertically integrated agro-holding operating 100,000+ hectares with modern machinery and large storage, though its core downstream differs (poultry vs. sugar).

Broad incumbents

  • Tereos: French sugar beet cooperative and one of the world's largest sugar producers, with adjacent starch and ethanol activities. Comparable in primary feedstock (sugar beet) and integrated processing model, but globally diversified and structured as a farmer cooperative rather than a corporate holding.
  • Cargill: One of the world's largest privately held agribusinesses with trading, processing, and risk management across grains, oilseeds, and sugar. Overlaps with Agrokultura as a major participant in agricultural commodity sourcing, handling, and trade flows, but operates far more broadly and globally.
  • Archer Daniels Midland (ADM): Global agribusiness and food ingredient processor with large presence in grain origination, oilseed crushing, and sweetener/sugar businesses. Comparable to Agrokultura at the commodity grain and adjacencies level, though vastly larger and publicly listed with diversified downstream processing.
  • Louis Dreyfus Company: Global merchant and processor of agricultural commodities with strong Black Sea and Russian grain origination activities. Comparable as a buyer/competitor in the same wheat and soft commodity markets where Agrokultura sells, but with a global origination-to-shipping platform rather than a pure farm production model.
  • Sucden (Louis Dreyfus sugar arm successor): Global sugar trader and producer operating across the sugar value chain from cane and beet origination to refined sugar distribution. Comparable in the sugar-side economics Agrokultura feeds into via parent Prodimex, though Sucden's scope is international trading rather than Russian arable farming.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Agrokultura social profiles

Digital presence

Agrokultura financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Agrokultura leadership team

Management profile

Number of profiles

Profiles11 records

Agrokultura subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Agrokultura funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Agrokultura M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agrokultura

What does Agrokultura do?

Agrokultura (operating as UK Prodimex Agro) is an integrated agricultural holding that cultivates and stores agricultural commodities in Russia's Central Black Earth Region. Its primary activities include sugar beet production (sold as raw material to its parent group's sugar factories), grain cultivation (wheat and other crops), seed production via the Talovsky Seed Factory, and grain storage through elevators with over 500,000 tons of simultaneous capacity. The company manages 156,000+ hectares of arable land across Voronezh, Lipetsk, Tambov, and Belgorod oblasts.

Is Agrokultura a public or private company?

Agrokultura is a private company. It is classified as corporate owned and is currently operating.

When was Agrokultura founded?

Agrokultura was founded in 2001. It employs 1,001 to 5,000 people.

Where is Agrokultura based?

Agrokultura is headquartered in Stockholm, Sweden, in the Europe region.

How does Agrokultura make money?

One revenue line is on record: agricultural commodity production and sales.

Who are Agrokultura's main competitors?

Direct peers on record are RusAgro, Astarta-Kyiv, Kernel Holding and Südzucker. MHP (Myronivsky Hliboproduct) is listed as an emerging player. Broad incumbents are Tereos, Cargill, Archer Daniels Midland (ADM), Louis Dreyfus Company and Sucden (Louis Dreyfus sugar arm successor).

Does Agrokultura have an API?

No public API is recorded for Agrokultura.

What industry is Agrokultura in?

Agrokultura's product category is Agricultural Commodity Production. Its primary akta.pro industry code is AFAGAEAB, Sugar Beet Farming, with a secondary code of AFAGAEAL, Sugar & Starch Crop Contract Growing & Plantation Operations. Its NAICS code is 111991 and its SIC code is 100.

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Live signals
GlobeNewswirePress release from the Extraordinary General Meeting in Agrokultura ABAgrokultura AB's extraordinary general meeting on 10 November 2014 elected Achim Lukas as chairman and four other board members. Board remuneration was set at SEK 552,000 for the chairman and SEK 276,000 for other directors, totaling SEK 1,518,000 annually.GlobeNewswireAgrokultura AB (publ) has resolved on a directed share issue against payment through set-off of claims to holders of promissory notesAgrokultura AB's board resolved to issue up to 7,254,471 new shares at SEK 5 each, increasing capital by up to SEK 36,272,355. The issue is for set-off of claims to holders of promissory notes, with subscription within five working days. The new issue may dilute share capital by up to 4.96%.GlobeNewswireThe Board of Agrokultura receives request by Steenord Corp. to convene an EGM to inter alia elect new directors of the boardSteenord Corp., Agrokultura's largest shareholder, requested an EGM to elect new directors and adopt a remuneration resolution. The proposed directors are Achim Lukas as chairman and Werner Kuester as director, with details in an addendum to the offer document. The Board will issue a formal notice in early next week.GlobeNewswireANNOUNCEMENT FROM THE BOARD IN LIGHT OF THE MANDATORY BID MADE BY STEENORDSteenord Corp made a mandatory bid for Agrokultura AB at 4.50 SEK per share in cash. The bid is valid without further conditions, with acceptance expected between 8 September and 24 October 2014. The board will issue a shareholder recommendation within two weeks of the acceptance period.GlobeNewswireAgrokultura and Steenord give further information regarding common intentionsAgrokultura and Steenord announced mutual confirmation of their relationship after Steenord became a major shareholder with about 47% of outstanding shares. Steenord supports the board's strategy of operational turnaround and possible asset sale, and has appointed Achim Lukas as representative. The company expects an EGM to nominate Lukas to the board.GlobeNewswireThe Board of Agrokultura cancels the EGM and gives further comments to new ownership situationAgrokultura's board canceled its EGM on August 14 to approve an increased issue mandate, citing the new ownership situation. Steenord Corp now holds 46.59% of the company, triggering mandatory bid rules. The board will provide further comments as needed.GlobeNewswireObjection to Agrokultura’s announced share issue has been rejectedSteenord Corp objected to Agrokultura's planned private share issue, claiming it violated the AGM mandate. A legal opinion from Professor Erik Nerep confirmed the issue is valid. The opinion will be submitted to the Swedish Companies Registration Office.GlobeNewswireFurther information regarding the new major shareholder of AgrokulturaAgrokultura's board has contacted new major shareholder Steenord Ltd, which holds about 27.5% of the company. The board plans direct communication to discuss agenda items, including nominations committee matters. Further details will be published as relevant.GlobeNewswireProposed share issuance in AgrokulturaAgrokultura's board decided to issue up to 7,254,472 new shares at SEK 5 to selected investors, to be completed before the August 14 EGM. The offer would reduce the scope of the expanded mandate proposed to the EGM.GlobeNewswireChairman Mikael Nachemson increases shareholdingChairman Mikael Nachemson increased his shareholding in Agrokultura AB by purchasing 72,200 shares on July 28, 2014. His total holding now stands at 1,573,962 shares, in accordance with First North rules. The company invests in farmland and produces agricultural commodities in Russia and Ukraine.