Armenian businessman buys Russian oil production facilities from int'l company

Agshin Rafigoglu
Author

The American agro-industrial company Bunge, the world leader in the processing of oilseeds and the production of vegetable oil (trademarks Oleina, Ideal), will sell its oilseed processing business in Russia, Report informs citing Russian media.

Bunge today announced that it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes a sunflower processing plant in Voronezh.

Bunge is an American agro-industrial company, a world leader in the processing of oilseeds and the production of vegetable oil. Its staff is about 23,000 employees in more than 40 countries.

The products of the company are also sold on the Azerbaijani market.

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