Irrico Management Company

History

2021: VTB withdrew from Irrico Group shareholders

At the end of September, 2021 VTB Capital reported about secession of shareholders of Irriko group of companies which is a supplier of potatoes for the Lay's chips and French fries of McDonald's.

According to Vedomosti, citing data from the SPARK-Interfax system, the Center for Innovative Development, which is an operating company for Irrico Group of Companies, changed owners on September 28, 2021. Since that day, 99.9% of the shares belong to Irrico, the remaining 0.1% to Irrico Holding.

Earlier, the Center for Innovative Development was 99.9% owned by Cyprus Irrico Ltd, which VTB mentioned in the accounts in 2017, indicating that it owns 65.8% of its shares. Another 0.1% of the operating company belonged to VTB Capital Holding, the publication points out.

VTB withdrew from Irrico Group shareholders

The VTB press service refused to disclose the details of the transaction, citing a clause on confidentiality in the contract. The bank only stated the following:

We are one of the leading players in the field of direct investment in Russia, constantly studying the market and looking at attractive assets, investments in which will allow us to record a fairly high level of investment profitability. Entering the capital of Irrico Group of Companies was another successful investment opportunity for VTB Group, and we are confident that our participation in the project laid a solid foundation for the further development of the company.

Analysts of the publication suggest that the buyer of the stake was the structure of the ex-senator from the Voronezh region and billionaire Gleb Fetisov. Earlier, this transaction was reported Businessman by "" when it was checked by. Federal Antimonopoly Service

Dmitry Rylko, General Director of the Institute for Agricultural Market Research (ICAR), estimates 100% of the Irrico Group's business at 4-5 billion rubles, including the company's land bank. Based on VTB's share, its stake could be sold for 2.3-2.5 billion rubles.^[1]

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