Rusagro transferred a share to the Agro-Belogorye to the Belgorod Region Office
The authorities of the Belgorod region received more than 20% in confidential management in Agro-Belogorye-a pork manufacturer. This asset is owns by Rusagro, whose main owner Vadim Moshkovich is now in a pre -trial detention center. Lawyers call the transfer of control over the AGRO-Belogorye business unit: even when the recovery appeal, assets are more often in federal property.
The Rusagro group transferred a share in the company « Agro-Belogorye » to the trust management of JSC « Corporation » Development « , which is controlled by the Belgorod region, the governor of the region Vyacheslav Gladkov said in its Telegram channel. The Rusagro clarified that we are talking about a minority share transferred as part of obligations to the region. Information about trust management is entered into the Unified State Register of Legal Entities, where the size of the share is not specified. Earlier, the materials of the Arbitration Court of the Belgorod Region clarified that it was about 22.5%. The Ministry of Economic Development of the Belgorod Region did not answer the questions “Kommersant” quickly.
Rusagro Group of Companies is one of the largest agro -industrial holdings in Russia, founded in 1995 by Vadim Moshkovich. The revenue of the group for 2024 amounted to 340.09 billion rubles. (growth of 26% per year). The main volume was formed by sugar and oil and fat divisions. As of 18:20 Moscow time on May 29, Rusagro shares on the Moscow Exchange were 2.72%cheaper, up to 111.22 rubles. For paper. Capitalization amounted to 106.44 billion rubles.
Pork manufacturer Agro-Belogorye was created in 2007 in the Belgorod region. Its founder is considered the ex-governor of the region Yevgeny Savchenko, but the key owner of the business was Vladimir Zotov. In 2014, 22.5% at the Agro-Belogorye was acquired by the former Voronezh vice-governor Alexander Solovyov, who, after retirement, began to invest in agrarian assets.
The share of Mr. Solovyov in 2019 was bought by the structures of Rusagro Group of Companies. Then the market assumed that the goal of the group was a consolidation of a 100% asset. In 2023, a corporate conflict began on this basis, which included several litigation, including Vladimir Zotov’s exit from business. It was possible to get 100% of shares in the Agro-Belogorye of the Rusagro Group of Companies only in November 2024. Analysts suggested that it cost 0.74–1 billion rubles.
340.09 billion rubles
compiled the revenue of the Rusagro group for 2024
In 2023, Agro-Belogorye ranked ninth place in the ranking of the National Union of Pigods with a production volume of 268.9 thousand tons (4.8% of the total market). In 2024, the volume of production « Agro-Belogory » was included in the portfolio of the Rusagro Group of Companies. The share of the group in the pig farming market due to this increased from 5.9% to 10.1%. The volume of production in 2024 amounted to 593.3 thousand tons.
In 2025, Vadim Moshkovich began difficulties with business. On March 26, the entrepreneur and former Rusagro general director Vadim Basov was detained, accusing the fraud upon acquisition of the company « Solar Products ». The investigation considered that its founder Vladislav Burov was forced to sell a share in exchange for investments, which were not followed. The investigation estimates the damage of 48 billion rubles. (See “Kommersant” from April 23).
The transfer of the share to the “Agro-Belogorye” to the trust department of the Belgorod region-part of the transaction to receive Rusagro control over the company, follows from the materials of the Arbitration Court of the Belgorod Region.
The partner of the corporate practice of Stonebridge Legal Roman Prudende draws attention to the fact that the process does not imply the alienation of property rights, which in this case remains for the Rusagro. Trust contracts, he said, usually conclude for up to five years. According to VETA managing partner, Ilya Zharsky, the decision on trust management could be due to the high significance of the company for the region’s economy. Thanks to this, part of the risks can be leveled, as the manager receives the authority to vote on business management and a number of other rights, Mr. Zhansky believes.
The head of the legal service of the NEO consulting company, Alexander Akulin, notes that trust is usually carried out on a reimbursable basis. The scenario in which the Business “Agro-Belogorye” will be controlled by the regional authorities, Ilya Zharsky calls unlikely. Even when the recovery in such cases, we are usually talking about transferring assets to federal ownership.
