Rusagro (Russian: Русагро) is one of Russia's largest agricultural companies,[2] and a major producer of pork, fats and sugar.[3] It was established in 1995 as a sugar producer.[4] Maxim Basov is the company's Chief Executive Officer.[3]
 | |
| Company type | Public limited company |
|---|---|
| LSE: AGRO MCX: AGRO | |
| Industry | Agriculture |
| Founded | 1995 |
| Headquarters | , Russia |
| Revenue | $3.03 billion[1] (2021) |
| $578 million[1] (2021) | |
| $563 million[1] (2021) | |
| Total assets | $4.92 billion[1] (2021) |
| Total equity | $2.01 billion[1] (2021) |
| Website | www |
History
editIn 2001, Rusagro bought Rosprod, a rival sugar trading firm.[5] By 2005 the company co-owned nine sugar beet farms in Belgorod Oblast.[6]
The company originally planned an IPO for 2010, which was delayed due to the volatility of the Russian market.[7] The company was listed on the London Stock Exchange in April 2011. Prior to the IPO, 95% of Rosagro was controlled by company founder Vadim Moshkovich and his family.[8]
The company has grown significantly after 2014, benefiting from the weaker ruble,[9] as well as bans on pork imports from the European Union.[10] In 2016 the company filed a bankruptcy claim against Razgulay.[11] Since 2016 the company exports corn to the Asia-Pacific region through its subsidiary in the Russian Far East.[12] In 2017 it announced plans to expand meat production to northeastern China,[13] and to invest $1 billion in dairy production.[14] In September 2021, CEO Maxim Basov announced that SPO and call for money is beyond Rusagro scope.[15] Meanwhile, in the same month, Maxim Basov increased his stake from 7,5 to 7,73% during “Rusagro” SPO, buying 250000 GDR for 3,47 million dollars. Maksim Vorobyov, businessman and brother of governor of Moscow Oblast Andrey Vorobyov, in his turn, has bought 10,14% of shares of Rusagro, becoming the second largest shareholder after Vadim Moshkovich (51,7%)[16]
References
edit
- ^ a b c d e "Independent Consolidated Auditor Report of ROS AGRO PLC 2021" (PDF). Rusagro. 28 February 2022. p. 82. Retrieved 28 February 2022.
- ^ Korablinov, Alexander (29 August 2016). "Rusagro to export pork to Vietnam in 2017". Russia Beyond The Headlines. Retrieved 17 August 2017.
- ^ a b "Russia's Rusagro may drop greenhouse project if subsidies cut". Reuters. 2016. Retrieved 17 August 2017.
- ^ "5 Russian Food Producers Winning From Economic Crisis and Import Ban". Retrieved 17 August 2017.
- ^ "Sugar Giant Buys Up Rival Trading Firm". The Moscow Times. Retrieved 17 August 2017.
- ^ Ioffe, Grigoriĭ Viktorovich; Nefedova, Tatʹi͡ana Grigorʹevna; Zaslavsky, Ilya (19 October 2006). The End of Peasantry?: The Disintegration of Rural Russia. University of Pittsburgh Pre. p. 32. ISBN 9780822973133.
- ^ Nikishenkov, Oleg (1 June 2010). "Flotations tank as fear returns". Russia Beyond The Headlines. Retrieved 17 August 2017.
- ^ "Russian sugar, pork producer Rusagro prices London IPO". Telegraph.co.uk. Retrieved 17 August 2017.
- ^ "Russia's Rusagro toasts crisis as weak rouble boosts growth". Reuters. 2015. Retrieved 17 August 2017.
- ^ "Russia's Rusagro group sales soar on EU pork import ban". Reuters. 2014. Retrieved 17 August 2017.
- ^ "Russia's Rusagro files for bankruptcy of Razgulay". Reuters. 2016. Retrieved 17 August 2017.
- ^ Karpova, Marina (22 January 2016). "Rusagro exports Primorye corn to Japan". Russia Beyond The Headlines. Retrieved 17 August 2017.
- ^ "RusAgro pushes into China by building pig farms". GlobalMeatNews.com.
- ^ "Rusagro could become Russia's largest dairy producer with $1bn investment". bne IntelliNews. Retrieved 17 August 2017.
- ^ "Русагро не планирует новое публичное размещение акций" (in Russian). РИА Новости. 2021-09-02.
- ^ "Максим Воробьёв стал владельцем более 10% Русагро" (in Russian). Коммерсантъ. 2021-09-30.
External links
edit- Official website (in Russian)