Bloomberg News

Basic Element to Invest $330 Million to Triple Grain Trading

May 14, 2012

Billionaire Oleg Deripaska’s Basic Element plans to spend more than 10 billion rubles ($330 million) to triple grain sales to 1.5 million metric tons by 2016, Andrey Oleynik, the company’s managing director for agricultural business, told reporters in Moscow today.

To contact the reporter on this story: Ilya Khrennikov in Moscow at

To contact the editor responsible for this story: John Viljoen at

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