US owner of Russia's major agriculture firm says no plans to sell

MOSCOW, Dec 5 (Reuters) - U.S. company NCH Capital said on Friday that it has no plans to sell a major Russian agricultural producer AgroTerra, which was placed under temporary state management by a decree signed by President Vladimir Putin in April 2024.

On December 2, Russia's second-largest bank VTB's CEO Andrei Kostin said that the bank was in talks to buy AgroTerra, one of Russia's top 20 agricultural landholders.

In a statement to Reuters, NCH said that NCH Agribusiness Partners, a private equity fund owned by a group of U.S. institutional investors and managed by New York-based NCH Capital, has "no plans to sell AgroTerra and is not in negotiations with any party regarding a possible sale."