Volga Group
PE / Family office
2007
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Russia
Investment Ticket
Investment Horizon
Investment Stage
Exit Strategy
Profile
Volga Group was established as Volga Resources in 2007, and renamed as Volga Group in June 2013. The group consolidates Gennady Timchenko's assets and makes investments in financial services; industrials and construction; trading and logistics; consumer goods; and energy. Gennady Timchenko noted that for the next few years, his group will focus on the development of infrastructure projects in Russia
Among Volga Group's major assets are a 23% stake in Novatek, Russia's second-largest producer of natural gas; 15.3% of petrochemicals company Sibur, 50% of the gas company Petromir, and 60% through the joint venture with Gunvor in the coal company Kolmar.
