{"id":15541,"date":"2022-04-27T10:47:01","date_gmt":"2022-04-27T07:47:01","guid":{"rendered":"https:\/\/www.invaldainvl.com\/?p=15541"},"modified":"2022-04-27T10:47:02","modified_gmt":"2022-04-27T07:47:02","slug":"litagra-group-acquired-agricultural-company-noragra","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/litagra-group-acquired-agricultural-company-noragra\/","title":{"rendered":"Litagra Group acquired agricultural company Noragra"},"content":{"rendered":"\n
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Litagra, one of the largest agribusiness groups, has completed the acquisition of shares in Noragra, a company operating in the \u0160akiai district, thus expanding its milk\u00a0 production. The shares were acquired from Norwegian investors with the permission of the Lithuanian Competition Council.<\/p>\n

“We completed the transaction under conditions of high volatility in prices of production and raw materials. We believe that food production is currently one of the priority areas for investment, \u201d Vaidas Navickas, CEO of Litagra Agricultural Center, said.<\/p>\n

Noragra owns on about 1.7 thousand hectares of arable land and has 750 dairy cows. “In the future we intend to increase the number of cows, build new farms and expand milk production,” said V. Navickas.<\/p>\n

The transaction was financed by Luminor Bank. Litagra group was advised on legal issues by the law firm Wint.<\/p>\n

Litagra’s largest shareholders are the company’s founder Gintaras Kateiva and Invalda INVL.<\/p>\n

 <\/p>\n

More information:
\nVaidas Navickas
\nCEO of Litagra Agricultural Center
\ne-mail Vaidas.Navickas@litagra.lt<\/p>\n\t\t<\/div>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"

Litagra, one of the largest agribusiness groups, has completed the acquisition of shares in Noragra, a company operating in the \u0160akiai district, thus expanding milk production.<\/p>\n","protected":false},"author":9,"featured_media":15071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-15541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group-company-press-releases"],"acf":[],"yoast_head":"\nLitagra Group acquired agricultural company Noragra - Invalda INVL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/litagra-group-acquired-agricultural-company-noragra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litagra Group acquired agricultural company Noragra - 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