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ELANA AgroCredit will distribute dividend with 4.1% yield
At the Annual meeting of shareholders on 30 June 2016, ELANA AgroCredit confirmed distribution of dividend of BGN 0,04924 per share.
ELANA AgroCredit has acquired loans of up to BGN 10 mln. to invest in farmland purchases
Land leasing company ELANA AgroCredit strikes a BGN 10 mln. debt financing to fund operations related to financial leasing contracts with farmers for farmland purchases.
ELANA AgroCredit to double size by end-2017
With 11% return since inception, ELANA AgroCredit reaps the profits from its lean business model of financing land-hungry farmers for arable land acquisition. In the new corporate profile of ELANA AgroCredit, analysts of ELANA Trading comment the company will perform as a bond-like investment getting steady, predictable profits from the ongoing land appreciation in Bulgaria, encouraged by EU funding for the sector.
Agria Group Holding to acquire sunflower oil producer Kehlibar
Agria Group Holding (A72 BU) to acquire sunflower oil producer Kehlibar, the company announced in a statement to the stock exchange.
Dividend yield of Advance Terrafund to average 5% for 2015
Five year average dividend yield of Advance Terrafund stood at 12.3% distributing BGN 125m to investors for the period – concluded ELANA Trading analysts in their latest research report on the largest land REIT in the country on the basis of earnings Q4 2015.
Bulgarian farm land prices poised to grow, land rents to be up 5%
Bulgarian farm land prices will continue to grow, 5-10% y/y rise in 2016, while rents will stabilize or be up by no more than 5%.
