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Ziyavudin Magomedov's Summa Group owns assets that specialize in port logistics, engineering, construction, telecommunications, and the oil and gas industry. In an interview with Prime, the president of Summa Group, Aleksandr Vinokurov, discussed the group's business development plans, the purchase of the transportation group FESCO, the competition for federal licenses to build LTE networks, the plans for United Grain Company, the IPO for the biggest gas-production company in the Republic of Sakha - the Yakutsk Fuel and Energy Company, and the mining business...
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The acquisition of FESCO will enable Summa Group to expand the geographic area in which it operates and will provide an entrance to three major marine basins that are accessible from Russia. This deal will make Summa Group a major intermodal carrier, able to offer its clients a full range of transportation and logistics services in Eurasia...
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Based on the recommendation of the investment advisors Troika Dialog, the board of directors of United Grain Company, OJSC made the unanimous decision on May 28 to issue additional shares of OZK on behalf of Investor, LLC (a subsidiary of Summa Group), because Investor had offered the highest price. The board of directors recommended to a general meeting of shareholders that OZK increase its share capital by making a private offering of additional shares for the benefit of Investor, LLC...
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