August 30 (SeeNews) - Agricorp Invest, a unit of Monaco-registered group Monaco Resources, acquired a majority stake in Macedonian mushroom and vegetable processing plant Bonum, the company said in a statement.
"Agricorp Invest S.A., via its wholly owned subsidiary Agri Food Invest Luxembourg, which operates and develops agricultural and food projects in Africa, Europe and Asia, is pleased to announce a diversification of its portfolio by investing into Bonum, a company based in Skopje and near Kumanovo, in the Republic of Macedonia," the company added.
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The value of the deal was not disclosed.
Commenting on the deal in a Facebook post, former prime minister and ruling party leader Nikola Gruevski, said the brownfield investment is planned to create 100 new jobs within a year.
The plant will be reorganized and its production is expected to double as a result of the investment, he added.
Monaco Resources' operations span mining, agribusiness, energy, logistics and financial services.