Summa Group is a Russian independent group of companies holding port logistics, engineering, construction, the telecommunications and oil and gas sectors assets. Summa's headquarter located in Moscow. Companies of the group, which are present in almost 40 regions of Russia and abroad, employ more than 10 thousand people. The parent company is Summa Group LLC. Until August 2011, it was called “Summa Capital”.

Owners and management

Summa group is controlled by the entrepreneur

Ziyavudin Magomedov Ziyavudin Gadzhievich Magomedov (russian: link=no, Зиявудин Гаджиевич Магомедов, born 1968) is a Russian billionaire businessman. He is the main owner of the privately-held investment company Summa Group. In March 2018, ...

. He also being a direction board member. Current general director of holding - Alexander Khonkhin.

Activities

Among the assets controlled by Sumy: NCSP Group (25%, the Novorossiysk Commercial Sea Port is a part of the group),

FESCO Transport Group FESCO Transportation Group ( rus, Fesco, r=FESCO Group) is an intermodal transport operator in Russia, which provides services, including marine shipping, Roll-on/roll-off, rail transportation and port handling. The parent company of the Group i ...

(32.5%), Yakutsk Fuel and Energy Company (over 90%), SUIproekt, telecommunication National Telecom, operator of the terminal in the

port of Rotterdam The Port of Rotterdam is the largest seaport in Europe, and the world's largest seaport outside of East Asia, located in and near the city of Rotterdam, in the province of South Holland in the Netherlands. From 1962 until 2004, it was the List o ...

Shtandart TT BV (100%), engineering and construction companies Stroynovatsiya and Transengineering. Summa also owns a large package in the Novorossiysk bakery products.

UGC privatization

From 2011 and until February 13, 2019, Summa owned a 50% package minus one share of the

United Grain Company United Grain Company (russian: Объединенная зерновая компания) is a Russian grain trading company based in Moscow and established in 2007. The company conducts grain procurement activities in Russia, and manages exports ...

received as a result of the 2012 privatization, carried out by Summa Group president Alexander Vinokurov, who held this post in 2011–2013. Currently, this block of shares has become the property of

VTB Bank VTB Bank (; formerly known as ''Vneshtorgbank'', , lit. 'International Trade Bank') is a Russian majority state-owned bank headquartered in various federal districts of Russia; its legal address is registered in Saint Petersburg, St. Peter ...

Capital and performance indicators

Group performance indicators are not disclosed. Ziyavudin Magomedov took 63rd place in 2017 in the rating of the Russian Forbes with a fortune of $1.4 billion

Criminal case

On March 31, 2018,

, the head of company, was detained for two months by a decision of the Tverskoy court of the city of Moscow, until May 30, on suspicion of theft of 2.5 billion rubles at the head of a criminal organization. The court ruling noted that the term of punishment for a particularly serious crime incriminated to Magomedov exceeds 10 years in prison, and the case file contains testimony of witnesses who reported pressure on them The criminal case was the first in the history of the Russian Federation, when the investigation considered the business group as a criminal community, some media compared it in scale with the

Yukos OJSC "Yukos Oil Company" (russian: ОАО Нефтяна́я Компа́ния Ю́КОС, links=no, ) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovs ...

case.

Current status

Despite the owner's arrest, Summa Group continued its work, gradually losing some assets and optimizing the work of others. Leyla Mammadzade, who was one of the key figures in the company and managed the assets of Summa Group through the board of directors, announced in January 2020 that she would leave the company this year.

References

{{Reflist, 2

External links

Official site
Companies based in Moscow