Volga Group
 | |
| Company type | Private |
|---|---|
| Industry | Energy; Trading; 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 and investment activity
Volga Group was established as Volga Resources in 2007, and renamed as Volga Group in June 2013.[2] Volga Group makes investments in financial services; industrials and construction; trading and logistics; consumer goods; and energy.[3]
Major assets
Among Volga Group's major assets are a 23% stake in NOVATEK,[4] Russia's second largest producer of natural gas; a 44% stake in Gunvor, the commodities trading house based in Geneva, Switzerland; and 37.5% of petrochemicals company SIBUR.[5]
Other investments include an 63% of pipeline builder Stroytransgaz, 30% of seafood producer and distributor Russkoye More, 100% of beverage maker Aquanika and 49.1% of German insurer Sovag.[6]
Key people
Gennady Timchenko is the founder and shareholder of Volga Group.[7]
Chlodwig Reuter is the Chairman of the Board of Volga Group.[8] Sven Olsson[9] and Paul Mousel are Board members.[10]
References
- ^ BFM.ru: "Gennady Timchenko: 'We understand that a reputation is the most important thing for a businessman'"
- ^ Kommersant factbox on Volga Group
- ^ Forbes profile of Gennady Timchenko
- ^ WSJ: "Novatek: The Challenger Takes on Gazprom"
- ^ Volga Group: Investments
- ^ The Moscow Times: "Timchenko Moves Headquarters to Moscow"
- ^ Kommersant: "Simply put, we trust each other"
- ^ Bloomberg Businessweek profile
- ^ Bloomberg Businessweek: Sven Olsson biography
- ^ Volga Group management board