The NovaAgro group of agricultural companies invests $4.54M to expand in the Kharkiv region.

The Kharkiv agro-industrial group of companies NovaAgro acquired 56.9% of French company AgroGeneration, which is the sole owner of AgroGeneration Ukraine (Kharkiv). NovaAgro Ukraine purchased this share from Cyprus company Konkur Investments Limited for $4.54M.

AgroGeneration, founded in 2007, is a large producer of grain and oil crops and has a land bank of 30,000 hectares in the Kharkiv region.

Founded in 2009, the NovaAgro group is one of the leading agricultural companies in the Kharkiv region. It purchases products directly from producers and processes them into food products (flour, groats, and sunflower oil), feeds for animals, birds, and fish, produces mineral fertilizers and fuel pellets, raises chickens, and exports products abroad.

Also, Konkur Investments is a subsidiary of American investment company SigmaBleyzer. It became known in July 2023 that it would sell a controlling stake in AgroGeneration.