United Grain Company (russian: Объединенная зерновая компания) is a Russian grain trading company based in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

and established in 2007. The company conducts grain procurement activities in Russia, and manages exports on international markets.

History

The United Grain Company was established on March 21, 2007 as a result of the transformation of the FGUP "Federal Agency for the Regulation of the Food Market" under the Ministry of Agriculture of the Russian Federation, the main function of which was the implementation of state regulation of the grain market. In 2012

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, ...

's Summa Group bought a 50% minus one share stake in the company. In 2014 the company agreed to trade grain worth $500 million for oil with Iran. The company will build a

grain terminal A grain elevator is a facility designed to stockpile or store grain. In the grain trade, the term "grain elevator" also describes a tower containing a bucket elevator or a pneumatic conveyor, which scoops up grain from a lower level and deposi ...

in the

Port of Zarubino Port of Zarubino (russian: порт Зару́бино) is a sea port situated in Zarubino on the south of Primorsky Krai in the Trinity Bay, northwestern part of the Sea of Japan. The port is from the border with China and close to the border w ...

, in the Russian Far East, by 2020. In August 2017 the

Russian Government The Government of Russia exercises executive power in the Russian Federation. The members of the government are the prime minister, the deputy prime ministers, and the federal ministers. It has its legal basis in the Constitution of the Russia ...

announced plans to privatize the company by 2019.

Current owners

The shareholders of United Grain Company JSC are: * The Russian Federation represented by the

Federal Agency for State Property Management The Federal Agency for State Property Management (Rosimushchestvo) () is a subdivision of the Russian Ministry of Economic Development that manages Russia's federal state property. History The agency was formed by a presidential decree, No.314, ...

(Federal Property Management Agency) - 50% plus one share; *

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 ...

's controlled Demetra HoldingVTB sold almost half of the grain business. RBC. (at russian) 30.04.2020
/ref> - 50% minus one share.ВТБ стал владельцем почти половины акций Объединенной зерновой компании 13 feb 2019
Until 13 feb 2019 Summa's owned stake of UGC was pledged to VTB bank Along with VTB, the owners of Demetra Holding are the Marathon Group (24.99%) and Agronova (25%).

References

External links

Official website
{{authority control Food and drink companies based in Moscow Agriculture companies of Russia Russian brands Russian companies established in 2007 Government-owned companies of Russia Agriculture companies established in 2007