Gennady Timchenko fishing around for new opportunities

Pacific Andes International Holding, provider of frozen fish and food products and listed in Hong Kong and Singapore, is on the verge of establishing a JV, potentially with Russian Sea Group, which is owned by Gunvor co-owner Gennady Timchenko and Maxim Vorobyev.

This would appear to be a way out for the government, which had become embroiled in a dispute with the company relating to alleged poaching in Russia’s seas by a Pacific Andes subsidiary, despite the lack of proof that the offending company was actually linked to Pacific Andes.

 

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