Billionaire Vadim Moshkovich, the founder and top shareholder of Russia’s Rusagro, has cut his stake in the farming conglomerate to below 50 percent, the London-listed company said after he was terminated as chairman of the firm.
Granada Capital, a company controlled by Moshkovich, sold nearly two million shares, or about 7.22 percent in Rusagro, on March 7, Rusagro said in a statement.
Moshkovich had a 55.97 percent stake in Rusagro before the disposal, data from Refinitiv Eikon shows.
