Volga Group

Volga Group
Private
Industry Energy; Industrials; Financial Services; Consumer Goods
Founded 2007
Headquarters Luxembourg, Luxembourg
Key people
 Gennady Timchenko (shareholder), Chlodwig Reuter (Chairman)
Number of employees
 around 90,000
Website Volga-Resources.com

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

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 an 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]

References

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