Agro-Belogorie

History

2025: Transfer to the management of the Belgorod region

The share of the enterprise "Agro-Belogorye Group" was transferred to the trust management of JSC "Corporation" Development, "owned by the Belgorod region. This was announced in May 2025 by the governor of the region Vyacheslav Gladkov after a meeting with the heads of the Rusagro company, which includes Agro-Belogorye. According to the Unified State Register of Legal Entities, Development Corporation has become a trustee, the founder of this company is the Ministry of Property and Land Relations of the Belgorod Region^[1]

2024

Rusagro bought 100% of Agro-Belogorye agricultural holding

On November 13, 2024, the Rusagro group of companies, founded by ex-senator from the Belgorod region Vadim Moshkovich, completed a deal to acquire 100% of the shares of Agro-Belogorye Group of Companies, which owns 20 pig-breeding complexes, three feed mills and meat processing production in the Belgorod Region.

According to Kommersant, the value of the transaction, according to the estimates of Dmitry Zharsky, partner of the Veta expert group, and Vadim Tedeev, managing partner of IPM Consulting, amounted to ₽0,74 -1 billion.

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Фото: Freepik

Dmitry Laburtsev, who previously held the position of operational director of the Rusagro agricultural direction, has been appointed the new general director of Agro-Belogorye. The company's management confirmed the preservation of the organizational structure of the holding's enterprises and all measures to support employees.

According to the National Union of Pig Farmers, the combined production of Rusagro and Agro-Belogorye in 2023 reached 602.9 thousand tons of pork, which is 10.7% of the market. This consolidation brings Rusagro to second place among pork producers in Russia.

Dmitry Rylko, Director General of the Institute for Agricultural Market Studies, noted that the country has achieved a high level of saturation of the domestic pork market, and the growth rate of production is gradually fading. In terms of industry consolidation, Russia lags significantly behind key competing countries.

The deal was preceded by a lengthy corporate conflict. In 2019, Rusagro acquired 22.5% of Agro-Belogorye, and by September 2024 increased its share to 47.5%. The final consolidation was preceded by eight litigation between the companies.

Anton Permyakov, General Director of the Voronezh special farm Vishnevsky, emphasized the regularity of the consolidation process in the market, which has reached the growth limit. Rusagro, in addition to pig farming, has capacities for the production of sugar and vegetable oil, which ensures additional business stability.^[2]

Rusagro became the owner of 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.

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Фото: 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.^[3]

Notes