Balchug Capital

History

2025

Putin allowed Balchug Capital to acquire 100% of Goldman Sachs Bank

In January 2025, the president Russia Vladimir Putin allowed Balchug Capital to make a deal to acquire 100% of LLC Goldman Sachs Bank"" owned by Goldman Sachs Group, Inc.

Purchase of Syktyvkar plywood plant for billions of rubles

On December 27, 2024, the Armenian fund Balchug Capital acquired an 83.3% stake in Syktyvkar Plywood Plant LLC, one of the largest plywood producers in Russia. This became known in January 2025. Read more here.

2024

Purchase of the Russian fodder manufacturer "Rainbow"

Armenian investment company Balchug Capital bought the Russian fodder manufacturer Rainbow. This became known in December 2024. Read more here

Purchase of the Russian business of the manufacturer of construction equipment Caterpillar

The Balchug Capital fund, owned by Armenian entrepreneur David Amarian, has completed the acquisition of Russian assets of the American company Caterpillar. Among the transferred assets are a plant for the production of special equipment in Tosno (Leningrad Region) and a leasing company in Moscow. The deal was officially completed on June 14, 2024. Read more here.

2023

Buying Pulkovo Sky Business Centre

The Armenian fund Balchug Capital, founded by David Amaryan, acquired the Pulkovo Sky business center, located next to Pulkovo Airport in St. Petersburg. The deal was concluded in January 2023, but it became known in June 2024. Read more here

Purchase of Metropolis shopping and entertainment center

On April 6, 2023, it became known that the Armenian investment fund Balchug Capital, founded by brothers David and Vardan Amaryan, became the new owner of the Metropolis shopping and entertainment center on the Leningradskoye highway of Moscow. Read more here.

Notes