--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20220816-magnit-purchased-another-greenhouse-complex/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Magnit purchased another greenhouse complex Publication Date: 2022-08-16T13:00:19-04:00 Last Updated: 2022-08-15T12:44:53-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/) ![Magnit purchased another greenhouse complex](https://www.fertilizerdaily.com/wp-content/uploads/2022/08/plant-fruit-food-red-produce-vegetable-1221993-pxhere.com_.jpg) The greenhouse business of the retailer has expanded. The Russian food retailer Magnit acquired a greenhouse complex in the Belgorod region, capable of growing up to 20 thousand tons of tomatoes per year. They are supplied to a wide variety of retail chains – Lenta, Perekrestok, Auchan, Pyaterochka. The deal cost 4 billion rubles (over $65.3 million). The greenhouse was constructed with the investments of Sigma Capital, owned by Arkady Abramovich, the son of billionaire Roman Abramovich. In 2021, the greenhouse’s revenue amounted to 1.5 billion rubles (approximately $24.5 million), while the loss was 488.2 million rubles (almost $8 million). “The sale of the greenhouse to Sigma Capital is apparently related to its unprofitability. But Magnit has a chance to make it profitable and, at the same time, expand its participation in the greenhouse business, currently limited by the Green Line complex (Krasnodar region),” commented the information and analytical service of Fertilizer Daily. Tags: [agriculture](https://www.fertilizerdaily.com/tag/agriculture/), [greenhouse](https://www.fertilizerdaily.com/tag/greenhouse/) --- **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.