Russia's largest grain trader was sold to an entity linked to Oman's sovereign wealth fund
Russian authorities have completed the sale of the nationalized grain trader “Rodnye Polya,” which, prior to its nationalization, was one of Russia’s largest grain exporters.
The buyer was JSC “Tiara Holding,” which acquired the asset for 11.3 billion rubles (about $144 million). According to Russian media reports, the actual buyer is the Demetra holding company, 45% of which is owned by the state investment fund of the Sultanate of Oman.
Rodnye Polya’s assets include a port terminal in Azov, 11 sea and river vessels, a fleet of 1,600 railcars, as well as land plots in Moscow and the Rostov Region.
The company was nationalized in early 2025 following a lawsuit filed by the Russian Prosecutor General’s Office. The grounds for the nationalization were that its owner, Pyotr Khodikin, held citizenship of St. Kitts and Nevis and residency in the UAE.
Source: Kommersant, RBC.
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