The structures of Chachava ceased to control the largest shareholder of Ozon

Structures of Alexander Chachava lost control of JSC “O23”, which owns 34.95% of Ozon, the press service of the marketplace.

As a result of these changes, Alexander Chachava and the structures controlled by him no longer dispose of 75,628,658 Ozon shares owned by O23 JSC. According to the notice, JSC O23 does not have a new controlling shareholder, the publication said.

The company stressed that changes in the structure of shareholder ownership will not affect the operating activities of the group.

Chachawa became Ozon's largest shareholder, increasing his stake in the company in April this year.

Alexander Chachava is a managing partner of private equity firm LETA Capital, which manages three funds and invests in international IT and Internet startups with Russian founders, mainly from the b2b sector.

In 2024, Chachava became a shareholder of Yandex. Its structures were one of the shareholders of ZPIF Consortium. The first, which received about 67% of Yandex as a result of the sale of the Russian business to the Dutch Yandex N.V. (now called the Nebius Group). Subsequently, ZPIF transferred shares to its participants in direct ownership. In February of this year, Chachava structures increased their share in Yandex from 15.97 to 19.69%, which is equivalent to 20.42% of the vote. The entrepreneur then explained his decision by “confidence in the long-term strategy of the company.”.