Agro-Belogorie

History

2024: Rusagro owns 47.5% of Agro-Belogorye agricultural holding

On September 30, 2024, it became known that the Rusagro agricultural holding increased its share in the Agro-Belogorye Belgorod group of companies (GC) from 22.5% to 47.5%. Corresponding changes were made to the Unified State Register of Legal Entities.

According to the Kommersant newspaper, after the transaction, the share of the key beneficiary Vladimir Zotov in the Agro-Belogorye Group of Companies decreased from 72.5% to 47.5%. The remaining 5% belongs to Larisa Kovaleva, General Director of Agro-Belogorye Group of Companies.

𝓲

Freepik

In April 2024, the Arbitration Court of the Belgorod Region decided to transfer 25% of Zotov's share in Agro-Belogorye in favor of Rusagro for 2.5 thousand rubles. Zotov, Kovaleva, Agro-Belogorye and Russian Metal JSC appealed this decision to the 19th Arbitration Court of Appeal, but the decision of the first instance was upheld. The court documents say that in November 2023, Zotov acquired 50% in Russian Metal JSC, becoming the sole owner of the company. And in December of the same year, he transferred 25% to Agro-Belogorye to Russian Metal at a nominal price of 2.5 thousand rubles. Rusagro called the deal "sham," and Zotov's behavior was "illegal."

Agro-Belogorye Group of Companies was founded in 2007. The holding, according to its own data, is one of the leading pig meat producers in Russia with an annual supply of about 250 thousand tons. Production assets are located in the Belgorod region. The group's enterprises operate on their own raw materials in a closed cycle. In particular, animal feed is made at their own feed plants: their nutrient base is cereals and legumes grown in the fields of the group. The Rusagro agricultural holding in 2019 bought a stake in Agro-Belogorye from businessman Alexander Solovyov, intending to consolidate the asset. But it was not possible to agree with Zotov and Kovaleva on this issue.^[1]

Notes