| Rusagro | |
| Traded As: | |
| Type: | Public limited company |
| Industry: | Agriculture |
| Predecessors: | --> |
| Successors: | --> |
| Founded: | 1995 |
| Founders: | --> |
| Hq Location City: | Moscow |
| Hq Location Country: | Russia |
| Areas Served: | --> |
| Owners: | --> |
Rusagro (Russian: Русагро) is one of Russia's largest agricultural companies,[1] and a major producer of pork, fats and sugar. It was established in 1995 as a sugar producer.[2] Maxim Basov is the company's Chief Executive Officer.[3]
In 2001, Rusagro bought Rosprod, a rival sugar trading firm.[4] By 2005 the company co-owned nine sugar beet farms in Belgorod Oblast.[5]
The company originally planned an IPO for 2010, which was delayed due to the volatility of the Russian market.[6] The company was listed on the London Stock Exchange in April 2011. Prior to the IPO, 95% of Rosagro was controlled by company founder Vadim Moshkovich and his family.[7]
The company has grown significantly after 2014, benefiting from the weaker ruble,[8] as well as bans on pork imports from the European Union.[9] In 2016 the company filed a bankruptcy claim against Razgulay.[10] Since 2016 the company exports corn to the Asia-Pacific region through its subsidiary in the Russian Far East.[11] In 2017 it announced plans to expand meat production to northeastern China,[12] and to invest $1 billion in dairy production.[13] In September 2021, CEO Maxim Basov announced that SPO and call for money is beyond Rusagro scope.[14] 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 Andrey Vorobyov, in his turn, has bought 10,14% of shares of Rusagro, becoming the second largest shareholder after Vadim Moshkovich (51,7%)[15]