Moscow. Nov 26, 2009. /Lesprom Network/. Miro, a global timber and agricultural operator with links to Romania, has formed a partnership aimed at acquiring new land in eastern Europe, as KMS Baltics reported.The firm has joined forces with Pharos Financial Advisors, which is based in Dubai, in order to establish a private equity fund which will invest $350 million in land, Trade Arabia reported. Under the name of the Pharos Miro Agriculture Fund, the project will look to purchase farm land in eastern Europe, Eurasia and Africa. Miro already has a proven track record in direct investments in agriculture and timber, and has projects in countries including Romania, Ukraine and Russia. Commenting on the move, Peter M Halloran, founder of Pharos, said: "By combining our emerging markets investing background with Miro's extensive operating expertise in agriculture, we have created a significant edge for ourselves." |
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