(Alliance News) - BF Spa announced Thursday that a memorandum has been signed between BF International Best Fields Best Food Limited and Agrofirma TNK LLP to launch a strategic partnership designed to develop the agricultural sector in Kazakhstan.

"Agrofirma TNK, a leading agricultural company in Kazakhstan, with approximately 400.000.00 hectares of land in the Akmola Region, and BFI have thus initiated activities to initiate a partnership with the aim of developing the agribusiness sector in Kazakhstan by using each other's experience and, in particular, BF Group's know-how in the field of managing the cultivation and planting process, including the use of precision agriculture techniques, as well as the implementation of supply chain projects involving investments in the agribusiness sector so as to also foster the production and distribution of Kazakhstan's agricultural products in the international market," the company's note reads.

On Thursday, BF closed flat at EUR3.89 per share.

By Claudia Cavaliere, Alliance News reporter

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