April 23 (SeeNews) - Bulgarian farming group Agria Group Holding [BUL:A72] said on Tuesday that it is planning to invest 4 million euro ($4.5 million) in 2019.
Agria Group Holding intends to spend 2.75 million euro for buying farm land, the group said in an interim financial statement.
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A further 750,000 levs will be invested in purchase of agricultural equipment, transport and logistics, while 500,000 euro will be invested in the company's storage facilities.
Agria Group Holding will finance 40% of the expenses through own funds, and the remaining 60% through long-term debt instruments, it said.
($ = 0.8891 euro)