×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Fund Buys Razgulyai Stake

Razgulyai founder Igor Potapenko sold 21.4 percent of the Russian grain and sugar producer to Avangard Asset Management for “close to the market price,” Razgulyai said Friday.

Moscow-based Avangard Asset Management, which is privately held, has an option to buy an additional 8.56 percent stake, Razgulyai said in a statement on its web site.

Potapenko now owns 25.3 percent. Razgulyai had a market capitalization of 7 billion rubles ($230 million) based on Friday’s share price. 

(Bloomberg)


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more