The authorities have reached an agreement to sell the assets of the investment group Baring Vostok. The Russian structure Vostok Investments will receive 12 assets, including Ozon, whose group share, according to recent estimates, is 27.7%.
The authorities have agreed to the division of the business of the investment group Baring Vostok. The corresponding order of the President of the Russian Federation was published on the portal of regulatory legal acts.
The Russian structure Vostok Investments, led by Elena Ivashentseva, will transfer 12 of the group’s assets. These include Ozon’s market share, which according to the latest data is 27.7% and is valued at $1.37 billion.
At the same time, the condition for accepting the split is that the stake in Ozon must be sold to a person who is not under sanctions, notes RBC.
Details of the split of the Baring Vostok business were first made public in March 2023. It was then reported that in exchange for the assets, Vostok Investments would assume obligations for debts on the assets in the amount of $140 and would pay $150 million dollars three years after the closing of the agreement to separate the company.
Author:
Kirill Bilyk
Source: RB
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