Source link : https://london-news.net/rusagro-transfers-meat-production-stake-to-belgorod-as-owner-faces-legal-troubles/
The agribusiness titan Rusagro has transferred a portion of its controlling interest in one of its meat production units to the government of the Belgorod region, authorities announced on Thursday, two months following the arrest of its billionaire owner, Vadim Moshkovich.
Vyacheslav Gladkov, the governor, shared on Telegram that “a share of the Agro-Belogorye enterprise has been moved to the trust management of the Development Corporation of the Belgorod region.”
Rusagro began its acquisition of Agro-Belogorye in 2019 and completed the process last November, positioning itself as the second-largest pork producer in Russia.
In a press release later that day, Rusagro clarified that a minority share in Agro-Belogorye was handed over to the Development Corporation of the Belgorod region in May 2024.
“The objective of this transfer is to ensure that the Agro-Belogorye Group fulfills its responsibilities to the Belgorod region. The agreements made are designed to enhance socio-economic collaboration between the business and the region, aimed at creating better living conditions and improving the well-being of residents in Belgorod,” the statement explained.
Moshkovich, who is ranked as Russia’s 55th richest individual with a net worth of $2.7 billion, was detained in March, marking the first time a Forbes-listed billionaire has been arrested in Russia since the onset of the full-scale invasion of Ukraine.
Along with former Rusagro CEO Maxim Basov, he faces…
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Publish date : 2025-06-01 14:16:00
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