Volga Group is a privately held investment vehicle that manages assets on behalf of the businessman
Gennady Timchenko
Gennady Nikolayevich Timchenko (, ''also spelled'' Guennadi Timtchenko; born 9 November 1952) is a Russian oligarch and billionaire businessman. He founded and owns the private investment firm Volga Group. He was previously a co-owner of Gun ...
.
History
Volga Group was established as Volga Resources in 2007, and renamed as Volga Group in June 2013. The group consolidates Gennady Timchenko's assets and makes investments in financial services; industrials and construction; trading and logistics; consumer goods; and energy. Gennady Timchenko noted that for the next few years, his group will focus on the development of infrastructure projects in Russia.
Major assets
Among Volga Group's major assets are a 23% stake in
Novatek, Russia's second-largest producer of
natural gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
; 15.3% of
petrochemicals
Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable so ...
company
Sibur
SIBUR (PJSC SIBUR Holding) is a Russian petrochemicals company founded in 1995 and headquartered in Moscow.
SIBUR is the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals i ...
, 50% of the gas company Petromir, and 60% through the joint venture with Gunvor in the coal company Kolmar.
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]
Other investments include 63% of construction company
STG Group, 31.5% of CJSC Stroitransgaz, 60% of the rail company
Transoil LLC Transoil is a Rail transport, railway operator in Russia and was founded in 2003. The company is one of the biggest railway transporters of oil and oil products in Russia. , 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 and
Sogaz, and 9% of
Rossiya Bank
The Rossiya Bank (Bank Rossiya (), in Russian: Акционерный коммерческий банк Россия, АКБ Россия) is a Russian joint stock bank founded on June 27, 1990. The company's headquarters are in Saint Petersburg ...
.
It also owns 50% of
Hartwall Arena
Helsinki Halli, or Helsinki Arena (formerly Hartwall Arena), is a large multi-functional indoor arena located in Helsinki, Finland. It was opened in April 1997. The arena is convertible for various events. The total seated capacity during ice ...
in Helsinki and
Helsinki Jokerit hockey team.
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]
Key people
Gennady Timchenko is the founder and main shareholder of Volga Group. Chlodwig Reuter is the chairman of the board of Volga Group. and Sven Olsson.
Bloomberg Businessweek: Sven Olsson biography
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References
External links
* {{Official, http://volga-resources.com/
Investment companies of Luxembourg
Luxembourgian companies established in 2007
Companies based in Luxembourg City
Financial services companies established in 2007
Russian entities subject to U.S. Department of the Treasury sanctions