The Commissioner of the President of Russia for the Protection of Entrepreneurs’ Rights (Business Ombuds) Boris Titov acquired a business in Azerbaijan. Titova’s family company “Abrau-Durso” acquired the ASK Sheki Sharab wine plant in the Shekinsky district of Azerbaijan.
Ask Sheki Sharab Aska Plant was founded on the territory of the Alazan Valley in 2008. At the time of purchase, its production capacity was 2.6 million bottles per year.
For the first time that the Abrau-Durso acquired a wine production plant in Azerbaijan of the media recognized as back in 2021. However, now Boris Titov decided to tell for the first time about his plans for business in Azerbaijan.
“We bought a plant on a tender. It was a sum of just more than 1 million euros. In addition, we have investment obligations for 2.3 million euros, but we re -exceed these obligations,” said Boris Titov.
Abrau-Durso’s wine house is the main asset of the Boris Titov Business Ombudsman. In 2013, Russian media wrote that the company’s revenue is $ 152 million. Then Titov managed to produce and sell 23.5 million bottles of wine.
The story of how Boris Titov acquired such a profitable business is also interesting. In the summer of 2004, at the invitation of the Krasnodar governor Alexander Tkachev, the Abrau-Durso plant near Novorossiysk was visited by President Vladimir Putin. At the enterprise that produced legendary champagne reigned.
“Putin was accompanied by several large businessmen. At the end of the visit, the president turned to them – who would take up the order? Titov agreed,” Andrei Koboyan retells, since 2007 – the first deputy leader of Abrau -Durso.
Titov himself refutes this story, claiming that this is just a beautiful legend.