Louis Dreyfus to liquidate RusElCo, Company Louis Dreyfus Vostok LLC
MOSCOW. Aug 7 (Interfax) - Grain trader Louis Dreyfus is liquidating Russian Elevator Company LLC (RusElCo) and Company Louis Dreyfus Vostok LLC, according to materials from the Fedresurs registry.
The decision to liquidate was made on August 6, 2025. Anton Zykov has been appointed as liquidator.
As reported, RusElCo was established in August 2004 by the Agros agricultural business (which managed the agricultural assets of Interros starting in 2001, later put up for sale, with the last asset sold in 2011) and Sungrain Holding, part of the international holding Louis Dreyfus. RusElCo manages 12 elevators located in Stavropol Territory and the Voronezh, Rostov and Volgograd regions. The group's elevator facilities are designed to store up to 2 million tonnes of grain at a time.
In 2023, Louis Dreyfus announced its exit from the Russian market and ceased exports of Russian grain.
In November 2024, President Vladimir Putin signed a directive approving the sale of 100% of Russian Elevator Company LLC, owned by Ruselco plc (registered in the United Kingdom). The potential buyer or buyers were not specified in the document.
Interfax was unable to obtain a comment from the company regarding the decision to liquidate the two LLCs.
Sources in the market cite the likely failure of the planned sale of RusElCo as one of the reasons for the decision.
"Most likely, the deal to sell the business, which had been discussed earlier, fell through," one source told Interfax.
According to the source, Louis Dreyfus made a mistake by not only exiting export operations but also shutting down its successfully operating elevator business, which had been providing storage services to Russian agricultural producers. Idle storage capacity can hardly be considered a quality asset, the source said.
"The company is quite valuable, but its assets have become somewhat problematic under current conditions - exports have dropped," another source agreed. "These are no longer the most prestigious or active assets. So no one is eager to buy them at a high price."
A possible scenario now could involve selling the company in separate pieces, the source said.
