Usmanov became the owner “the businessman Holding” directly


Moscow. December 22. Businessman Alisher Usmanov in December became the owner of 100% shares of LLC “Kommersant holding”, follows from the data base “SPARK-Interfax”.

Still the company is owned by Cyprus-Kommersant Holding (Cyprus) Ltd.

“Kommersant holding” now is the sole owner of JSC “Kommersant”, the founder and publisher of the namesake newspaper, said the General Director of open company Vladimir Zhelonkin.

The law “On mass media” of January 1, 2016, prohibits foreign owners from owning more than 20 percent in Russian media companies. If the owner of the “Kommersant” for the norm of the law was needed only to complete a series of corporate procedures, the other leading business newspaper – “Gazette” – the result is replaced by the ultimate owner. Damian Kudryavtsev, the former CEO of Kommersant, he bought a share in the “Gazette” from the beginning, Finnish Sanoma, and then at Dow Jones and Pearson, and became sole owner of the newspaper.

Usmanov bought Kommersant from Badri Patarkatsishvili in 2006, the amount of the transaction, according to the businessman, amounted to about $200 million.