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: sponsored by osmarks.tk™ counting systems
gollark: I use an RSS reader so that I read all xkcds within about 16 hours of publication.
gollark: I can count from 1 to 5 in German, too!
gollark: I should learn Lojban but then speak it badly to try and make the language evolve.
gollark: hElP Me I Am AlteERnAtiNg CaPs

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.