Deal #3808

Location #1

Spatial accuracy level
Administrative region
Location
Mažeikiai, Lithuania

Target country
Lithuania

Location #2

Spatial accuracy level
Administrative region
Location
Raseiniai, Lithuania

Target country
Lithuania

Location #3

Spatial accuracy level
Administrative region
Location
Paūliai, Lithuania

Target country
Lithuania

Land area

Size under contract (leased or purchased area, in ha)
[2013] 3350
[2016] 7700
Size in operation (production, in ha)
[2015] 8350
Comment on land area
3350 ha leased and 4650 ha purchased (see also deal 962)

Intention of investment

Intention of investment
Food crops, Non-food agricultural commodities

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Number of total jobs created

Jobs created (total)
Yes
Current number of employees (total)
[2016] 50

Operating company

Operating company
Comment on investment chain
KTG Agrar UAB; UAB Agrar Raseiniai; UAB Agrar Mažeikiai; UAB PAE Agrar; UAB Delta Agrar; fentus 10. GmbH; norus 26. AG; LT Holding AG

 

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Data source #1

Data source type
Media report
File
Date
2016-07-02
Comment on data source
Article on company insolvency in the German newspaper Frankfurter Allgemeine

Data source #2

Data source type
Media report
File
Date
2016-07-05

Data source #3

Data source type
Media report
File
Date
2016-07-26

Data source #4

Data source type
Media report
File
Date
2016-07-19

Data source #5

Data source type
Company sources
File
Date
2015-06-30
Comment on data source
Information about size in operation

Data source #6

Data source type
Company sources
File
Date
2015-06-30
Comment on data source
Information about size in operation

Data source #7

Data source type
Media report
File
Date
2016-12-03
Comment on data source
KTG sold all shares. Information about total size uder contract and employees. I think that it will be new deal

Detailed crop, animal and mineral information

Crops area
Grains (unspecified), Rapeseed, Sugar beet, Vegetables (unspecified), Wheat

Overall comment

Overall comment
In early June 2016 KTG Agrar went into administration (it declared insolvency under self-administration). A restructuring, including redundancies will take place over the coming months. Production on the landholdings however will not be affected. We should monitor the situation for future developments.

Jan. 31, 2017, 3:38 p.m.

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July 26, 2016, 5:08 p.m.

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Dec. 18, 2013, 5:56 p.m.

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Dec. 18, 2013, 5:54 p.m.

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June 14, 2013, 4:30 p.m.

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June 14, 2013, 4:29 p.m.

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June 14, 2013, 4:25 p.m.

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