MOSCOW, April 9 (Reuters) - Russia has seized companies
belonging to agricultural firm AgroTerra and placed them under
temporary management, including some backed by Dutch investment
firms, a decree signed by President Vladimir Putin showed late
on Monday.
The move follows similar asset seizures involving Western
firms including Carlsberg, Fortum and
Uniper in retaliation for steps taken against Russian
companies abroad.
Monday's decree listed AgroTerra assets being placed under
temporary management of Rosimushchestvo, Russia's federal
property management agency.
"As of now, the Company has not yet received any further
details regarding the decree on the transfer of shares within
the authorised capital of the AgroTerra Group to the temporary
management of Rosimushchestvo," AgroTerra said.
The company said it was operating as usual and that its
primary focus was the ongoing sowing campaign.
AgroTerra was one of Russia's top 20 agricultural
landholders as of May 2023, according to the BEFL consultancy,
cultivating an area of 265,000 hectares.
The decree listed Dutch-registered firms AgroTerra
Investments B.V. and AgroTerra Holdings B.V. as part owners of
some of the assets.
AgroTerra was founded in 2008 and is a producer and supplier
of mass commodity crops and specialty, value-added crops to top
food processors.
NCH, a U.S.-based firm that lists AgroTerra as one of its
Agribusinesses, did not immediately respond to a Reuters request
for comment.
(Writing by Alexander Marrow; editing by Kirsten Donovan and
Jason Neely)