Russia: Volga Group purchased 40% of Alma Group Company

Volga Group Company has acquired 40% of the shares of Alma Group, the company specializing in cultivation of apples. Other shares still belong to the founder of the company, Jean-Claude Mann.

Production facilities of Alma Group are located in Abinsk (Krasnodar region), where the company operates on over 800 hectares of land. There are refrigeration units and warehouses, processing and sorting factories, owned by the company. In 2013, the production output exceeded 6,800 MT of apples. Nevertheless, the company plans to increase production up to 12,000 MT of apples per year. Moreover, the range of fruit and vegetables is likely to be expanded.

This is our first asset in the agricultural sector. I am sure this investment will contribute to the development of the company, - has said the shareholder of Volga Group Gennady Timchenko.

Volga Group is 100% owned by Gennady Timchenko, combines his assets in Russia and abroad. Timchenko owns 23% of Novatek, 15.3% of SIBUR, 80% of Transoil, 63% of Stroytransgaz, 30% of Kolmar, and other assets.