Shareholders of the owner of the clinics “Mother and Child” approved the redomiciliation from Cyprus to the Russian Federation

Shareholders of MD Medical (operates the network of clinics “Mother and Child”) approved solution Board of Directors on the change of tax jurisdiction from Cypriot to Russian. The head office will be moved to a special administrative district of Oktyabrsky Island, Kaliningrad Region. Against this background, the company’s shares rose in price by 4.53%, to 886.3 rubles.

The shareholders approved the decision, according to which the company “proceeds to be struck off the register of the registrar of companies in Cyprus and to transfer its registered office.” The firm will continue to operate under the name “International Company PJSC “MD Medical Group Investments””. “The company will continue to conduct the same activities that are primarily those of a holding company,” the statement reads. message MD Medical.

MD Medical expects to complete the move no earlier than four months, but no later than nine months from the date of the decision. Completion of the redomiciliation process, the report says, is subject to “certain regulatory approvals, and it is not possible to guarantee that they will be granted.” “In addition, possible changes in applicable law or regulation may affect the process or change the process of achieving the intended goals,” the message says.

Mother and Child is one of the largest companies in the Russian private medical services market. It belongs to MD Medical Group Investment, registered in Cyprus in 2010. The main shareholder of the company is founder Mark Kurtzer. In Russia, the company has 53 operating institutions: 10 hospitals and 43 clinics in 26 Russian regions.

Leonid Uvarchev