ST PETERSBURG, Russia, June 20, 2013 /PRNewswire/ --
Volga Group, the privately-held investment group that manages investments on behalf of its main shareholder, Gennady Timchenko, held a presentation outlining its strategy and investment activity at the St Petersburg International Economic Forum today. The presentation was given by Chlodwig Reuter, Chairman of Volga Group and Kurt Suntay, Chief Executive Officer of Volga Advisors, the investment and management advisor to Volga Group.
As one of the largest investment groups in Russia, Volga Group has investments in 18 core companies, located mainly in Russia, whose total consolidated annual revenue amounts to some US$116 billion and employs approximately 90,000 people (Consolidated at 100% equity stake for all portfolio companies. Volga does not own 100% equity stakes in all portfolio companies).
Volga Group's investment policy is based on value-driven assets that produce consistent, long-term returns with a focus on Russia. It has three strategic core areas, namely energy, logistics and infrastructure. It also has investments in the financial services and consumer goods sectors.
The Group's most significant investments include stakes in Novatek (23%), Gunvor (44%), Sibur (37.3%), Transoil (80%) and Stroytransgaz (80%).
Speaking at the presentation, Kurt Suntay, Chief Executive Officer of Volga Advisors, said, "The Group is a significant contributor to the Russian economy and is committed to its development. And with our investment strategy seeking to maximise both shareholder and wider stakeholder return, we are also dedicated to ensuring that benefit passes to the communities in which the Group's companies operate. A key part of our philosophy is to promote good corporate citizenship, social responsibility and environmental awareness."
About Volga Group
Volga Group is a privately-held investment group that manages investments on behalf of its main shareholder, Gennady Timchenko. The Group's investment philosophy is based on direct and indirect investments in value-driven assets in Russia and internationally that produce consistent, long-term returns. Its three core areas of focus are energy, transportation and infrastructure development. The portfolio also includes investments in consumer goods and financial services. More information can be found at http://www.volga-resources.com/
For more information:
Mr. Anton Kurevin
Communications Director, Volga Advisors
Phone: +7-495-777-38-98 (extn. 711)
Mr. Stuart Leasor
Email : firstname.lastname@example.org
Phone : +44-7703-537721
SOURCE Volga Group