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Russian billionaire Moshkovich cuts stake in Rusagro to below 50% -Breaking

by Mike Robinson

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© Reuters. Piles of sugarbeets can be seen at Znamensky Sugar Plant owned by Rusagro (Ros Agro Plc), and located in Znamenka in Tambov, Russia, October 13, 2017. REUTERS/Sergei Karpukhin/Files

(Reuters] – Vadim Moschkovich, founder and biggest shareholder of Russia’s Rusagro has reduced his stake to under 50%. The London-listed firm said this after he had been terminated from the position of chairman.

Moshkovich’s company Granada Capital sold almost two million shares or 7.22% of Rusagro on March 7. Rusagro stated in a statement.

Data from Refinitiv Eikon indicates that Moshkovich held a 55.97% share in Rusagro at the time of disposal.

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