Cigarette manufacturer Davidoff in Russia has changed its main shareholder
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The International Tobacco Group, a Russian structure that received the rights to the Davidoff, West, Jade, P&S, Maxim cigarette brands, has changed its main founder. On September 8, Mykola Tyaka became the majority shareholder of the legal entity with a share of 75%, reports RBC with reference to the data of the Unified State Register of Legal Entities. According to SPARK, Mr. Tyaka is a partner of the owners of the largest tobacco distributor Megapolis, Igor Kesaev and Sergey Katsiev.
Two former shareholders reduced their shares in favor of the new majority shareholder: Alexander Kobzev reduced it from 30% to 0.5%, Sergey Bronetsky – from 20.5% to 15.5%. Igor Dzutsev and Svetlana Tuganova retained 4.5% each. Konstantin Ivanov (owned 28%), Yuri Khalturin (0.5%) and Alexander Naumov withdrew from the shareholders. Representative of International Tobacco Group to comment on information about the change of shareholder.
Cigarette manufacturer Imperial Brands in March announced the suspension of work in Russia. In April he stopped own assets in Russia: control of International Tobacco Group (formerly Imperial Tobacco Sales and Marketing LLC) was transferred to shareholders associated with Megapolis. In August Imperial Brands handed over the rights to the West and Maxim cigarette brands to the Russian structure.
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