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Заключение соглашения о сотрудничестве с Центральным союзом потребительских обществ РФ
17.05.2017
Signing of Memorandum of Understanding with the Russian Co-Op
17 May 2017
 
 
Raven Russia Limited ("Raven Russia" or the "Company")
 
Signing of Memorandum of Understanding with the Russian Co-Op
 
The Board of Raven Russia is pleased to announce that it has signed a memorandum of understanding ("MOU") with the Central Union of Consumer Cooperatives for the Russian Federation ("the Co-Op") to develop a nationwide network of wholesale distribution centres for agricultural products. 
 
The MOU provides for the parties to create a network of modern warehouse storage, primary processing and distribution facilities for a full range of agricultural and grocery products in different regions of the Russian Federation. Raven Russia will own these facilities and the Co-Op will lease and operate the wholesale distribution centres.
 
The parties envisage that the properties will comprise traditional warehouses, together with specialised storage facilities for different types of products including fresh fruit, vegetables, fresh meat and fish products and grain.
 
It is anticipated that Raven Russia will provide financing to the project, to permit the acquisition and development of sites along with external project finance. Unleveraged target returns are a minimum of 12% in Rouble terms.
 
The Co-Op has a 185 year history and is the central body for the consumer cooperative system in the Russian Federation that unites more than two thousand six hundred consumer societies and more than 2.5million unit holders countrywide. These consumer societies include production organisations, purchasing centres for agricultural products, domestic services centres, public catering establishments, and shops. The member organisations provide jobs for around 200,000 people. 
 
Anton Bilton, Executive Deputy Chairman of Raven Russia said: "We are delighted to sign this MOU with the Co-Op and anticipate developing a large scale network of distribution centres across the Russian Federation."
 
Dmitriy Zubov, Chairman of the Council of the Co-Op said: "The cooperation in this area will help optimise the storage, primary processing and distribution of food and facilitate access to markets for small, medium and large agricultural producers."
 
Enquiries
 
Raven Russia Limited                                                                           Tel: + 44 (0) 1481 712955
Anton Bilton                                                                                        
Glyn Hirsch
 
Novella Communications                                                                      Tel: +44 (0) 203 151 7008
Tim Robertson
Toby Andrews 
 
N+1 Singer                                                                                          Tel: +44 (0) 20 7496 3000   
Corporate Finance - James Maxwell / Liz Yong
Sales - Alan Geeves / James Waterlow                                                 
 
Ravenscroft                                                                                         Tel: + 44 (0) 1481 729100          
Semelia Hamon
 
About Raven Russia
 
 
Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange and admitted to the Official List of The International Stock Exchange ("TISE"). Its Convertible Preference Shares are admitted to the Official List of TISE and trading on the SETSqx market of the London Stock Exchange.  The Company operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.6 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49,200 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.ravenrussia.com
 
This information is provided by RNS
The company news service from the London Stock Exchange
 
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