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...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.

Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now