Usmanov preregistered its assets in the Russian jurisdiction

ECONOMY

MOSCOW, July 25. /Basereporter.com/. The Cyprus holding company USM Holdings Limited, which controls metalloinvest, MegaFon and other assets of the businessman Alisher Usmanov, the completed process of assets and transfer of beneficial ownership of a group of USM in the Russian jurisdiction. This is stated in the message of the holding.

“As part of the ongoing corporate restructuring of all major assets of USM to be transferred to the newly established Russian holding company “holding company Wesam” with direct participation of the major beneficiary of USM Holdings Limited – Alisher Usmanov (49%) and Vladimir Skoch (30%). In particular, today, signed documentation of the transfer to LLC “holding company Wesam” 100% of shares in companies owning 100% of shares of JSC “holding “metalloinvest” and 56,32% of shares of OJSC “MegaFon”, – the company said.

These corporate actions will complete the process of transfer of assets and ownership of group companies USM in the Russian jurisdiction.

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