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The Owners of the "Summa" Group Lost About Four Billion Rubles
April 12, 2018 11:25


The owners of the "Summa" Group, Ziyavudin and Magomed Magomedov, who were arrested for two months by the decision of  Tverskoy Court of Moscow, lost about four billion rubles to reduce the value of the shares of the companies belonging to the Group. Most of all the quotes of transport group FESCO fell.

So, the shares of the Far Eastern Shipping Company (the parent company of the Group) decreased by 19.4 percent, to 5.4 rubles per a share.

Shares of Novorossiysk Commercial Sea Port fell by 3.7 percent, to 7.5 rubles, Transcontainer's securities (half owned by Russian Railways) decreased by 4.7 percent, to 4,715 rubles.

Ziyavudin and Magomed Magomedov were arrested on March 31 on suspicion in embezzlement, fraud and creation of criminal community. 


Author: Anna Dorozhkina


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