Economy These are the Russian oligarchs who take over the...

These are the Russian oligarchs who take over the Real chain

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The Real works council estimates that 10,000 employees could lose their jobs.

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  • Felix Yevtushenkow is 41 years old and is about to take over the supermarket chain Real with his SCP Group.
  • He is the son of the oligarch Vladimir Petrovich Yevtushenkov, who heads the Sistema conglomerate and has been trying to gain a foothold in Germany for years.
  • Money laundering and house arrest: the history of the oligarch clan Evtuschenkow.
  • You can find more articles on Business Insider here.

He is one of those so-called New Russians, this beneficiary of perestroika, who with the end of the Soviet Union brought it to the top of the world economy: Vladimir Petrovich Evtushenkov.

At the time of the USSR, the chemist studied in the party and from 1987 to 1993 headed the Moscow City Committee for Science and Technology. Then in 1993 the leap into the private sector when he founded the associated company Sistema.

Read also: Once madness and back: The crazy life of Hertha investor Lars Windhorst

In the meantime, Sistema is a listed company with sales in the billions, Yevtushenkov with shares of over 60 percent of its largest owner. With over 70 years of age and personal assets worth billions, the oligarch born in the western Russian oblast of Smolensk is still not satisfied and continues to strive for growth.

The SCP Group and Felix Evtuschenkow

And that, although he was put under house arrest in 2014 on suspicion of money laundering. However, at the behest of Russian President Vladimir Putin, the investigation against Evtushenkov was quickly stopped and the arrest lifted, as reported by the Handelsblatt.

It did not detract from his ambition. The Russian oligarch has wanted to gain a foothold on the German market for years. In 2006, he tried unsuccessfully to join Telekom and shortly after failed to Infineon, a Bavarian chip manufacturer. Now he has managed to step into the local area, because the SCP Group is about to buy the supermarket chain Real.

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The CEO of the investment company SCP Group is the 41-year-old son of the oligarch, Felix Yevtushenkow. Will he manage to move real from red to black? He does not want to save the supermarket chain in its current form.

Of the currently 276 branches, 30 are to be closed directly. 200 branches are to be sold on, allegedly show interest from Kaufland, Edeka and Tegut. There are only 50 branches left. A very small step on the German market for the Evtuschenkow clan. It remains to be seen whether the oligarchs will be satisfied with this in the long term.

Read also: Numerous Real branches before the end: Metro reaches agreement in the takeover thriller

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