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Business Finance for Pig Farming in Russia

Russia Business News shows that Idavang A/S (“the Company”, previously named “Danish Lithuanian Holding A/S”) is a Danish holding company that has pig and crop farms in Russia and pig farms in Lithuanian. The Project, located in Russia, is meant to: (i) build a green field pig farm in Pskov region; (ii) develop another pig farm in northwest region; (iii) complete the expansion of the pig farm in Leningrad region; and (iv) develop crop farms in Pskov and Leningrad regions. The total finance required is about EUR86.5 million. The Project is implemented in 2009-2014 and will increase production capacity by 6,450 sows and 185,000 finishers

The project sponsors are the ultimate shareholders of the Company: Ole B. Hansen (50%), Carsten Thomsen (33%) and Claus Baltsersen (17%), all Danish farmers. The shareholders hold their shares through their respective private holding companies: Tofthøj Agro A/S in Denmark, Asket A/S in Denmark, and Sommerset Holding Limited in Cyprus.

Total Corporate Finance required is estimated at EUR86.5 million and Hindmarsh LLC t/as Hindmarsh Finance proposed an IFC implication in equity of up to EUR16.8 million.

The Project will be developed in Pskov and Leningrad regions in Russia. All land is farm land located in rural areas.

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