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13.03.2017 Lithuania's KG Group to invest EUR 10 mln in Belarus

Lithuania's KG Group, whichis controlled by Tautvydas Barstys, is set to invest 10 million euros in itstwo companies in Belarus after securing a working capital loan from theEuropean Bank for Reconstruction and Development (EBRD), reports LETA/BNS.

"We see that the market segment of animal feedpremixes manufacturing is developing in Belarus. It means we can share ourexperience we gained in Lithuania and other countries by manufacturingpremixes, feeds, retailing veterinary pharmacy," Barstys was quoted assaying in a press release.   

KG Group willinvest in the animal feed, veterinary pharmacy, crop protection and seedstrading company KLM and the protein and mineral supplementsproducer Belfidagro.

The two Belarusian companies have combined annualrevenue of 50 mln euros and employ around 100 people in total.

The group currently owns 20companies in Lithuania and other countries.

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