Large Russian trout producer sold controlling stake to Danish group

August 15, 2008 15:40

The Russian Funds investment group has announced the purchase of a controlling interest in one of Russia's largest trout producers - the Kivach Company, reports http://www.fishnet-russia.com//https://www.fishnet.ru/ with reference to Press-Service of Russian Funds Investment Group.

The stake, worth $4-5 million, was acquired on behalf of an unidentified group of private investors. Industry sources suggest that the buyer was a Danish consortium, Amber Trust S.C.A. Kivach is one of Russia's largest trout producers. According to data from SPARK-Interfax, Kivach is 100% owned by A.S. Aquaresource Ltd. (Cyprus), with the ultimate beneficiary being Avtandil Chaduneli. Annual production volumes total 2,000 tonnes.

The company includes an incubation complex capable of breeding 4-5 million fish per year, and a fish processing plant with an annual capacity of 4,000 tonnes of finished products. Kivach's turnover in 2007 amounted to $5 million.

Russian Funds

Russian Funds Investment Group was established in 1999 and now it is one of the leaders of the financial and stock markets in Russia. Having started with debt instruments transactions, Russian Funds is now a multi-faceted financial services company. Its efficient operation is ensured by the diversified business structure, high quality risk management system and professional stuff. Operational system and financial statements of the company meet international standards.

According to NAUFOR ranking, Russian Funds is among the largest market participants in terms of trading volume. The Group has been twice recognized as the best underwriter on the MICEX stock exchange as it placed the largest amount of bond issues. In 2001, the group was named by NAUFOR the best company on the bond market. Russian Funds is a member of the National Association of Stock Market Participants (NAUFOR), a member of the MICEX Stock Exchange, the St-Petersburg Stock Exchange and the RTS Stock Exchange.

NAUFOR Rating Agency has assigned A (high reliability) rating to Russian Funds.

The Group focuses on development of the efficient technological infrastructure to provide its customers with the wide range of high quality investment banking services.

{{countTopicsText}}
What is MEGAFISHNET.COM?
MEGAFISHNET.com is a global fish and seafood marketplace with an emphasis on APPROVED SUPPLIERS from such major sources as China, Russia, Vietnam, Europe, Americas, etc. More details →
 
Морской Конгресс