The Saudi Agricultural & Livestock Investment Co. is close to acquiring a farming company in Ukraine, a grain-producing powerhouse in the Black Sea region, according to people familiar with the matter.
The U.K. unit of Saudi Arabia’s state-run Salic is nearing a deal to buy Mriya Agro Holding Plc, which grows crops including wheat, barley, corn and potatoes in western Ukraine, said the people, who asked not to be identified because the information is private. The acquisition would take the Salic-operated farming area in Ukraine to just over 200,000 hectares (494,000 acres), they said.
