Siberian Business Union

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Siberian Business Union
Type Private company
Founded 12 August 2004 (12 August 2004)[1]
Headquarters Kemerovo, Russia[1]
Employees 38,300 (January 2011)[1]
Website hcsds.ru/en

Siberian Business Union (SBU) (Russian: Сибирский деловой союз, or Sibirskiy Delovoy Souz (SDS)) is a Russian holding company based in Kemerovo in Siberia. Its companies are active in coal mining, railway transportation, chemicals, machine building and radio stations. SBU is linked with Vladimir Putin's United Russia party.

Details and activities

The largest shareholder in SBU is the Russian billionaire Vladimir Gridin and his sons. Gridin is also a politician in the United Russia party.[2] The SBU head office is located at Kemerovo in Siberia.[1]

Its subsidiaries are involved in coal mining, railway transportation, chemicals, machine building and radio stations.[2] SBU is Russia's third-largest producer of coal for power stations[3] SBU was a partner with Kuzbassrazrezugol in plans to build a coal export port in the Barents Sea, but withdrew in 2013.[4][5]

SBU obtained 25% of European Media Group, one of Russia's biggest radio networks, which includes Europa Plus, after Lagardère sold it for $162 million in 2011 after changes to Russian media ownership regulations. SBU intended to increase their ownership to 100%.[2][6]

In June 2011, SBU enlisted its entire workforce in the All-Russia People's Front, an organisation created by Vladimir Putin and associated with the United Russia party.[7]

Subsidiaries[1]

  • SBU-Coal
  • SBU-Engineering
  • Novotrans
  • SBU-Construction
  • SBUAgro
  • SBU-Alco
  • SBU-Media
  • SBU-Energy

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Information". Siberian Business Union. Retrieved 2013-04-20. 
  2. ↑ 2.0 2.1 2.2 "Vladimir Gridin & family". Forbes. Retrieved 2013-05-21. 
  3. ↑ Yuliya Fedorinova & Ilya Khrennikov (2011-12-21). "Sibur to Sell Fertilizer Assets to Siberian Business Union". Bloomberg L.P. 
  4. ↑ "Russia plans coal port in Barents Sea -Lavna head". Reuters. 2010-10-11. 
  5. ↑ "Summer updates". Barentsnova. 2013-07-29. 
  6. ↑ "Lagardère vend ses radios russes à l'oligarque Vladimir Gridin" (in French). La Tribune. Retrieved 2013-05-21. 
  7. ↑ "Echo of Soviet era in Putin's bid for votes". The Australian. 2011-06-17. 
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