“Entrepreneur+State Anti-Crisis Investments Fund”, a subsidiary of the Armenian National Interests Fund (ANIF), sells shares of its jointly owned company with Yeremyan Projects group of companies (Father and Son Yeremyans LLC) “From Seed to Farm” to the same company.

ANIF says that the joint project with the “Father and Son Yeremyans” group of companies is one of the successful projects of the Fund, which allows to complete the company’s “From seed to table” concept.

“The fund made an equity investment in the company around 2 years ago and has now sold its share back to the “Father and Son Yeremyans” by mutual agreement. The project will continue to operate without the participation of ANIF’s “Entrepreneur+State Anti-Crisis Investments Fund,” the news release reads.

ANIF reminds that the total cost of the project was AMD 1,085,500,000, of which the fund’s contribution was AMD 265,925,000.

“For two years, the investment of the fund fully fulfilled its mission, contributing to the creation and development of the business, while providing a positive financial result for the investor, in this case, the Government of Armenia, within a short period of time.

We believe that such successful projects are providing a good basis for the development of equity financing in Armenia, that benefits both the business and the investor. We are grateful to our partner for cooperation and we wish them success in future endeavors”, “Entrepreneur + State Anti-Crisis Investments Fund” CJSC’s Director Bella Manoukian commented on the deal.

“Father and Son Yeremyans” group of companies started pedigree livestock breeding in 2020 and now sells its dairy products under the name “Yeremyan Products”. The supply of fodder in the Armenian market was not enough to meet the organization’s demand, and owning land to produce fodder became vital for the company. As a result of the implementation of the investment program, 225 hectares of land was acquired, on which alfalfa and corn were grown. 19 pieces of modern agricultural machinery were purchased, a modern irrigation system was introduced, the news release reads.

The participation of the “Entrepreneur+state Anti-Crisis Investments Fund” in joint projects is limited to a period of 10 years, with a pre-agreed strategy sale of shares to a partner. The participation of the fund in the capital is 25.1% - 49.9%, and the amount of participation in one project is 0.5 - 4 million USD.