Agrova International attracts fund investment

Core Insights - Agrova International, a Latvian agri-food group, has secured investment from Accession Capital Partners, acquiring a 23% stake in Agrova through a new share issue [1][2] Group 1: Investment and Financial Details - The investment will provide a robust financial foundation for expanding production in Latvia, including the modernization of the Alūksne poultry farm [2] - The funding will also support Agrova's acquisition of Sunrise Group, a UK-based egg supplier, for €40 million (approximately $46.1 million) [2][3] Group 2: Strategic Developments - The acquisition of Sunrise Group significantly expands Agrova's operational footprint and strengthens its position in the European egg and egg protein industry [3] - Agrova has established a supervisory board to enhance its long-term governance model and strategic oversight [3][4] Group 3: Leadership and Future Outlook - Ruta Amtmane has been elected chair of the supervisory board, with Dmytro Kistechko from ACP joining as a representative [4] - ACP's investment manager expressed long-term commitment to the manufacturing and food sectors in the Baltic region, indicating confidence in market potential beyond regional borders [5]