Hachette Livre acquires stake in Azbooka-Atticus

Hachette Livre has acquired a stake in Moscow-based trade publishing group Azbooka-Atticus.

The publishing giant now owns a 25% interest (plus one share) in the publisher, which is owned 94.6% by Alexander Mamut’s A&NN Group, which recently acquired Waterstone’s in the UK.

The Azbooka-Atticus group includes imprints Machaon, Inostranka and Colibri. It publishes 1,500 titles a year, mostly of foreign and Russian fiction, including authors such as Patrick Süskind, Vladimir Nabokov, Truman Capote and Mario Vargas Llosa. It also publishes illustrated and children’s titles.

Not publicly traded, the company reported sales of $43m (£26.9m) in 2010.