Volga Group

Volga Group is a privately held investment vehicle that manages assets on behalf of the businessman Gennady Timchenko.[1]

Volga Group
Private
IndustryEnergy; Industrials; Financial Services; Consumer Goods
Founded2007
HeadquartersLuxembourg, Luxembourg
Key people
Gennady Timchenko (shareholder), Chlodwig Reuter (Chairman)
Number of employees
around 90,000
WebsiteVolga-Resources.com

History

Volga Group was established as Volga Resources in 2007, and renamed as Volga Group in June 2013.[2] The group consolidates Gennady Timchenko's assets and makes investments in financial services; industrials and construction; trading and logistics; consumer goods; and energy.[3][4] Gennady Timchenko noted that for the next few years, his group will focus on the development of infrastructure projects in Russia.[5]

Major assets

Among Volga Group's major assets are a 23% stake in Novatek,[6] Russia's second-largest producer of natural gas; 15.3% of petrochemicals company Sibur,[7] 50% of the gas company Petromir, and 60% through the joint venture with Gunvor in the coal company Kolmar.[8][9]

Other investments include 63% of construction company STG Group, 31.5% of CJSC Stroitransgaz, 60% of the rail company Transoil, 100% of beverage maker Aquanika, 79% of timber company Rörvik Timber, 25% of construction companies ARKS Group and SK MOST Group, 60% of aviation company Avia Group, 49.1% and 12.5% of insurance companies Sovag[10] and Sogaz, and 9% of Rossiya Bank.[11][12] It also owns 50% of Hartwall Arena in Helsinki and Helsinki Jokerit hockey team.[13]

Key people

Gennady Timchenko is the founder and main shareholder of Volga Group.[14] Chlodwig Reuter is the chairman of the board of Volga Group.[15] Sven Olsson[16] and Paul Mousel are board members.[17]

gollark: Isn't SPARC kind of ancient? I think newer x86 stuff would be faster.
gollark: Security through obscurity *always* works! RIGHT?!
gollark: Yes.
gollark: > We have not outsourced the client for several reasons, relating to client reliability and other issues. However, we’ve come up with a compromise — we have been developing a plug in architecture to allow people to write open source code that we can plug into our client. Visit the Folding Support Forum to discuss, ask questions, and show off your work.
gollark: Yes, but the *client* isn't open source.

References
  1. BFM.ru: "Gennady Timchenko: 'We understand that a reputation is the most important thing for a businessman'"
  2. Kommersant factbox on Volga Group
  3. Forbes profile of Gennady Timchenko
  4. "Timchenko bundles all assets in Volga Group".
  5. "Gennady Timchenko " We understand that the most important thing is a businessman's reputation"".
  6. WSJ: "Novatek: The Challenger Takes on Gazprom"
  7. Vedomosti: Timchenko disposes of petrochemicals (in Russian)
  8. "Sergey Tsivilev Appointed CEO at Kolmar" (Press release). Volga Group. 2014-01-23. Retrieved 2014-03-22.
  9. Volga Group: Investments
  10. Lenta.ru: Timchenko brings management of his assets to Russia (in Russian)
  11. The Moscow Times: "Timchenko Moves Headquarters to Moscow"
  12. Investments: Financial Services
  13. Viita, Kasper (2013-06-28). "Putin Allies Buy Finnish Hockey Team to Play for Russian Title". Bloomberg. Retrieved 2014-03-22.
  14. Kommersant: "Simply put, we trust each other"
  15. Bloomberg Businessweek profile
  16. Bloomberg Businessweek: Sven Olsson biography
  17. Volga Group management board
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.