Russia: Eksmo takes full control of Ventana-Graf

Russia: Eksmo takes full control of Ventana-Graf

Oleg Novikov, a Russian billionaire and general director of AST Eksmo, one of Russia’s leading publishing houses, has acquired full control of Ventana-Graf, a major Russian publisher of educational literature and textbooks, saying the buy will allow him to rationalise his group of businesses.

Novikov has raised his controlling stake from 70% to 100%. Ventana-Graf holds 25% of the Russian market for textbooks.

Novikov said this consolidation will allow Eksmo to start restructuring its business. He told The Bookseller: “According to our plans, all the publishing houses owned by Eksmo, and w...

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