Rusagro planning 21-24 bln rubles capex in 2019
MOSCOW. March 14 (Interfax) - Rusagro could allocate 21-24 billion rubles for capex in 2019, the agriculture holding's CEO, Maxim Basov, said on a conference call.
"This year we're planning 21 billion-24 billion rubles capex, depending whether expenditures fall in December or January," he said.
The sugar business will receive around 5 billion rubles, oils and fats - 2 billion rubles and agriculture segment less than 2 billion rubles. The meat division will receive 11 billion-14 billion rubles, with funds earmarked for projects in Tambov and the Far East, the latter costing an estimated 5 billion-7 billion rubles.
Basov said in March that capex might come to 20 billion rubles in 2019.