Rusagro (russian: Русагро) is one of Russia's largest agricultural companies, and a major producer of pork, fats and sugar. It was established in 1995 as a

sugar producer The sugar industry subsumes the production, processing and marketing of sugars (mostly sucrose and fructose). Globally, most sugar is extracted from sugar cane (~80% predominantly in the tropics) and sugar beet (~ 20%, mostly in temperate climate ...

. Maxim Basov is the company's Chief Executive Officer.

History

In 2001 Rusagro bought Rosprod, a rival sugar trading firm. By 2005 the company co-owned nine sugar beet farms in

Belgorod Oblast Belgorod Oblast (russian: Белгоро́дская о́бласть, ''Belgorodskaya oblast'') is a federal subject of Russia (an oblast). Its administrative center is the city of Belgorod. Population: History At the turn of the 17th c ...

. The company originally planned an IPO for 2010, which was delayed due to the volatility of the Russian market. The company was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

in April 2011. Prior to the IPO, 95% of Rosagro was controlled by company founder

Vadim Moshkovich Vadim Moshkovich (Russian: Вадим Николаевич Мошкович, born 1967 in Moscow, Russia) is a Russian billionaire businessman. His business interests include major investments in agriculture and real estate development. In 2014, ...

and his family. The company has grown significantly after 2014, benefiting from the weaker ruble, as well as bans on pork imports from the European Union. In 2016 the company filed a bankruptcy claim against Razgulay. Since 2016 the company exports corn to the Asia-Pacific region through its subsidiary in the Russian Far East. In 2017 it announced plans to expand meat production to northeastern China, and to invest $1 billion in dairy production. In September 2021, CEO Maxim Basov announced that SPO and call for money is beyond Rusagro scope. Meanwhile, in the same month, Maxim Basov increased his stake from 7,5 to 7,73% during “Rusagro” SPO, buying 250000 GDR for 3,47 million dollars. Maksim Vorobyov, businessman and brother of governor of

Moscow Oblast Moscow Oblast ( rus, Моско́вская о́бласть, r=Moskovskaya oblast', p=mɐˈskofskəjə ˈobləsʲtʲ), or Podmoskovye ( rus, Подмоско́вье, p=pədmɐˈskovʲjə, literally " under Moscow"), is a federal subject of R ...

Andrey Vorobyov, in his turn, has bought 10,14% of shares of Rusagro, becoming the second largest shareholder after

(51,7%)

References

External links

Official website
{{Authority control Agriculture companies of Russia Russian brands Companies established in 1995 Sugar companies Companies based in Moscow Companies listed on the Moscow Exchange