Russian-German Farming Company EkoNiva Plans Frankfurt IPO, Vedomosti Says

EcoNiva, a Russian-German farming company, plans to sell shares via the Frankfurt stock exchange in February, Vedomosti reported, citing the company.

EkoNiva aims to raise about 50 million euros ($64 million) selling about a third of the company in an initial offering, the Moscow-based newspaper said today. EkoNiva grows food in Russia and sells seeds and agricultural machinery including John Deere tractors.

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To contact the reporter on this story: Maria Kolesnikova at mkolesnikova@bloomberg.net

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