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Akola Group Targets EUR52 Million Capital Investment in FY27

MT Newswires·11/03/2026 04:10:11
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04:10 AM EST, 11/03/2026 (MT Newswires) -- Lithuanian agricultural and food production company Akola Group (AKO1L.VS) will invest 52 million euros in the fiscal year ending June 30, 2027, according to a Tuesday release. Of the total, 38 million euros will be used to expand and modernize food production in an effort to enhance long-term profitability and reduce exposure to short-term commodity market fluctuations. Meanwhile, 9 million euros will be injected into the Partners for Farmers segment to acquire a grain elevator, among other things. The remaining 5 million euros will be used to install robotic milking systems, upgrade feed storage and livestock farming infrastructure, and purchase agricultural machinery and land in the farming division.