Soon another significant player may appear in the Russian construction market. Judging by the mood of one of the richest people in Russia, Gennady Timchenko, the goals of the new construction group “modest” cannot be called for sure. The billionaire and founder of the oil trader Gunvor shared his plans to conquer the construction market with the authoritative Forbes.
It should be noted that for people engaged in the construction business, Timchenko’s interview was not a surprise. The entrepreneur has been buying up construction companies in different ways for about a year, having begun to do this in approximately the fall of 2011. Now he and the companies controlled to him are already owned by a quarter of the Arks, working in Moscow and the Moscow Region, and a quarter of the UPC “Most”. The profit of these two companies in 2012 exceeded one hundred billion rubles. Timchenko plans to also acquire a third of the ARGUS construction equipment company.
The billionaire himself emphasized that 25-30 percent of the blocking package is not sufficient for him. He is going to increase his share in these companies. Now companies, controlled by Timchenko, for total volumes, have been occupied by third place among all companies in their segment.
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