"Rospechat (company)"

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Rospechat is a Russian company specializing in the distribution of periodicals and related products. It was created in 1994 as a result of the corporatization of the Soviet subscription and retail-trade agency-monopolist Soyuzpechat.

In 2002, the Basic Element Holding, controlled at that time by Oleg Deripaska and Roman Abramovich, acquired the company from the labor collective, the transaction amount was estimated at 27-35 million dollars, the former deputy general director of GAZ Svetlana Sokolova was appointed the head of the agency. In the mid-2000s, Basic Element included Rospechat among the assets of the Network Business division.

On June 30, 2015, Basic Element ceased to be the controlling shareholder, and the main owner of Rospechat became Pavel Ezubov - a cousin of Oleg Deripaska and the son of State Duma deputy Alexei Ezubov, who became the beneficiary of a Cypriot offshore company that owns more than 80% of the company's shares.

As of the mid-2010s, Rospechat had about 4 thousand outlets in 19 regions of Russia, and the company maintained a subscription catalog and organized a traditional form of subscription to periodicals through the Russian Post.

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References

The Russian Press