Focus Companies

United Grain Company Attracts Buyers Interest While Talks About Privatization Emerge

Thursday, Apr 12, 2012 at 12:30 pm in Agriculture
Posted by Tim Berg, Analyst

Russian government had just recently started talks about possible privatization of the state owned grain trade, and already France’s Louis Dreyfus, Russian investment group Summa and four other Russian firms may vie for a large stake in the company, government-owned United Grain Co. (UGC), two sources familiar with the matter told Reuters on Tuesday.

For Dreyfus, winning the stake in UGC would sharpen its competitive edge among the world’s top grain traders, while Summa would vault into a hugely influential position as Russia is poised to become the world’s second-largest wheat exporter this year, recovering from 2010’s drought. 

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