Группа «Сумма» не исключает возможности увеличения своей доли в ОЗК

In an interview with the Prime agency in the corridors at SPIEF, Ziyavudin Magomedov, the chairman of the board of directors of Summa Group, which owns 50% minus one share of United Grain Company (UGC), stated that Summa Group is not ruling out the possibility of increasing its stake in UGC, but all will depend on the size of the share portfolio and the conditions the state will offer during the privatization process.

The Ministry of Economic Development has proposed to the government of the Russian Federation that portfolios of shares also be privatized in five major companies, including UGC. Earlier media reports claimed that the state's stake in the company might be reduced to 30% in 2013. The privatization plan calls for the government's complete withdrawal from UGC's capital structure by 2016. "We're not ruling out the possibility, but it depends on the size of the portfolio of shares and the terms of their purchase," he said. Responding to a question about Summa's readiness to increase its stake in UGC, Magomedov noted that different concepts were being considered.

Among UGC's assets are portfolios of shares in 31 companies located in 18 regions of Russia. The company is a state agent that intervenes in the grain market of the Russian Federation, a major exporter of grain. UGC's revenues increased 12% in 2012, to 30.39 billion rubles. In 2012, Summa Group acquired a 50% stake, minus one share, in UGC.