--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20210518-eco-culture-acquired-abandoned-greenhouse-complex/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Eco-Culture acquired abandoned greenhouse complex Publication Date: 2021-05-18T15:00:14-04:00 Last Updated: 2021-05-17T11:23:28-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Eco-Culture acquired abandoned greenhouse complex](https://www.fertilizerdaily.com/wp-content/uploads/2021/05/greenhouse-2018-1.jpg) The deal went smoothly. The agro-industrial holding Eco-Culture acquired a greenhouse complex in the Rostov region, the construction of which was started by Premium Tula company that went bankrupt while construction left unfinished. Its initial cost at the auction was 541.9 million rubles (approximately $7.337 million), and the price gradually decreased to a minimum value of 162.5 million rubles (approximately $2.2 million). The production capacity of the greenhouse complex was supposed to be 3.5 thousand tons of products per year. Previously, the launch of the complex was planned for 2018, then the dates were shifted. In 2019, the construction of the facility, which was in high readiness, was suspended, and the Moscow Industrial Bank (financing the implementation of the project) applied to the Commercial Court to declare Premium Tula bankrupt due to an overdue debt of more than 3 billion rubles (approximately $40.6 million). In June 2019, the Court announced the company insolvent and initiated bankruptcy proceedings. The company’s property was put up for auction. Source: [Kommersant](https://www.kommersant.ru/doc/4804099?utm_source=yxnews&utm_medium=desktop&utm_referrer=https%3A%2F%2Fyandex.ru%2Fnews%2Fsearch%3Ftext%3D) Tags: [court](https://www.fertilizerdaily.com/tag/court/), [greenhouse](https://www.fertilizerdaily.com/tag/greenhouse/), [Rostov region](https://www.fertilizerdaily.com/tag/rostov-region/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.