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BRIEF-Russia's Rusagro sees 2017 capex below 20 bln rbl target
November 17, 2017 / 1:42 PM / a month ago

BRIEF-Russia's Rusagro sees 2017 capex below 20 bln rbl target

Nov 17 (Reuters) - Russian farming conglomerate Ros Agro Plc (Rusagro):

* Capital expenditures in 2017 are likely to be below the earlier announced target of 20 billion roubles ($336.5 million), CEO Maxim Basov told a conference call on Friday;

* In January-September, capex amounted to around 12 billion roubles;

* The company sees 2018 capex at around 26 billion roubles. Further company coverage: ($1 = 59.4300 roubles) (Reporting by Moscow Newsroom)

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