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Abramovich's team expands business on Sakhalin - EastRussia | Far East

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Abramovich's team expands business in Sakhalin

Abramovich's team expands business in Sakhalin
Photo: pixabay.com

On Sakhalin, the process of consolidation of fishing enterprises is ongoing. Poronay LLC, half of which belongs to top managers from the team of Roman Abromovich, bought out the Everon fishing company. It has fishing quotas of 22 thousand tons of pollock, herring and cod, which will allow the company to stand on a par with the major players in the market.

As the Kommersant, quota agreements are concluded before the 2033 year. With this in mind, the transaction value is estimated by experts at 330 million US dollars. The agreement is one of the largest in the last two years. So, in 2018, Sakhalin Island bought the Preobrazhenskaya Trawl Fleet Base from the family of the Primorsky Territory Governor Oleg Kozhemyaki and received fishing quotas for 150 thousand tons of fish.

Prior to the transaction, Poronai had quotas for catching 60 thousand tons of fish, now this volume will increase to 82 thousand tons. Demand for Russian pollock is growing abroad, export volumes have increased by 12,6% since the beginning of the year and reached 655,6 thousand tons.