United Grain Company

United Grain Company
Joint-stock company
Founded 2007
Revenue RUB 12.113 billion[1] (2016)
RUB 2.563 billion[1] (2016)
RUB 2.238 billion[1] (2016)
Website www.oaoozk.com

United Grain Company (Russian: Объединенная зерновая компания) is a Russian grain trading company based in Moscow and established in 2007.[2] The company conducts grain procurement activities in Russia, and manages exports on international markets.[3]

In 2012 Ziyavudin Magomedov's Summa Group bought a 49% stake in the company.[4] In 2014 the company agreed to trade grain worth $500 million for oil with Iran.[5]

The company will build a grain terminal in the Port of Zarubino, in the Russian Far East, by 2020.[6] In August 2017 the Russian government announced plans to privatize the company by 2019.[7]

References

  1. 1 2 3 "IFRS Reporting for 2016" (PDF). OAO OZK. Retrieved 26 August 2017.
  2. ↑ "Объединенная зерновая компания". АО «Объединенная зерновая компания» (in Russian). Retrieved 26 August 2017.
  3. ↑ "JSC United Grain Company: Private Company Information". Bloomberg. Retrieved 26 August 2017.
  4. ↑ "UPDATE 1-Russia's Summa buys into the grain big league". Reuters. 2012. Retrieved 26 August 2017.
  5. ↑ "UPDATE 2-Russia may exchange grain worth $500 mln for Iranian oil". Retrieved 26 August 2017.
  6. ↑ "United Grain planning grain terminal in Far East". World Grain. Retrieved 26 August 2017.
  7. ↑ "Russia continues with privatizations, ends bids for advising on United Grain". Retrieved 26 August 2017.
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