Russia changed the land laws in 2005 to allow private ownership of land, and foreign companies were quick to capitalize on the fertile 'black earth' region of Russia. One such company, Swedish-owned Black Earth Farming grows grains and oilseeds in the Voronezh, Lipetsk, Tambov, Samara, Kursk, and Ryazan Regions, over an area of 326,000 ha, of which it owns 256,000 ha. The companys largest shareholders are Vostok Nafta and another Swedish fund, Investment AB Kinnevik (24.8% and 24.9%, respectively). Alecta Pension Fund holds another 9.3%. In 2013 the company signed a three-year deal to supply PepsiCo beets for sugar and potatoes for chips (crisps), which is expected to boost revenues and increase land acquisitions, as well as demand an added capital of 35 million USD. The bureaucracy of land possession in Russia since privatization has created an environment which favors large corporations, creating difficulties for small landholders to obtain titles for their property. In 2005, Black Earth Farming, under its' subsidiary Agro-Invest, made agreements with local farmers to register their land under their name, and then purchased the land from the farmers according to a sale-purchase agreement. According to the company, the land was neither productive nor earning income due to difficulties obtaining official ownership, so those who sold to Agro-Invest were happy to do so and did so willingly. Black Earth is one of the world's largest public farming companies by cropped area and aims to increase their ownership to 400,000 ha.