Over $10 million invested in grain processing company

Kazakhstan Growth Fund acquired a minority blocking stake in the KazGrain group of companies

The Kazakhstan Growth Fund Direct Investment Fund is investing more than $10 million in the KazGrain group of companies engaged in grain processing. About this Kapital business information center. kz reported in the press service of the Baiterek holding.

Thus, Kazakhstan Growth Fund has completed the acquisition of a minority blocking stake in the KazGrain group of companies.

The main production assets of the KazGrain Group of Companies (silos, production buildings, lines for the production of finished products) are located on the territory of Kazakhstan and Kyrgyzstan. The main activity of the enterprise is the production and sale of flour and pasta, as well as the purchase, storage and export of Kazakh wheat. The geography of sales currently covers the countries of Central Asia with a strategic entry into the markets of both the near and far abroad.

“Due to the fund’s investments, the Group of Companies will purchase grain for existing elevators, further modernize existing production, and expand the range of products: national noodles, confectionery and animal feed, which will allow companies to achieve a more complete processing of grain. In addition, it is planned to enter the markets of Kazakhstan and foreign countries (China, the United Arab Emirates, Mongolia, Afghanistan, etc.) with finished products,” said Danishbek Kurmanbekov, a representative of the KazGrain group of companies.

Kazakhstan Growth Fund (KGF) Direct Investment Fund is managed by ADM Capital and is part of a group of funds with the participation of Kazyna Capital Management JSC (Baiterek National Management Holding).