Website Volga-Resources.com Type of business Private Number of employees around 90,000 | Founded 2007 | |
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Key people Gennady Timchenko (shareholder), Chlodwig Reuter (Chairman) Headquarters Luxembourg City, Luxembourg | ||
volga group of companies
Volga Group is a privately held investment vehicle that manages assets on behalf of the businessman Gennady Timchenko.
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forex volga group
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; 15.3% of petrochemicals company Sibur, 50% of the gas company Petromir, and 60% through the joint venture with Gunvor in the coal company Kolmar.
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 and Sogaz, and 9% of Rossiya Bank. It also owns 50% of Hartwall Arena in Helsinki and Helsinki Jokerit hockey team.
Key people
Gennady Timchenko is the founder and main shareholder of Volga Group.
Chlodwig Reuter is the Chairman of the Board of Volga Group. Sven Olsson and Paul Mousel are Board members.