Ozon shareholders approve company's registration in Russia
At an extraordinary general meeting on 1 September, shareholders of Cyprus-based Ozon Holdings approved the decisions necessary to complete the redomiciliation process. This was announced by Ozon in a press release. In particular, the company's new form of incorporation in Russia, the RUB amount of its authorised capital and its charter were approved, and the company will launch the procedure for registering a legal entity in Russia, according to the press release.
In December 2024, Ozon shareholders approved the decision to redomicile the Cypriot holding company, i.e., to move to Russia. In late July 2025, Ozon reported that approval for the move had been granted by the Cyprus Department of Registrar of Companies and Intellectual Property. The Russian Foreign Investment Commission had granted its permission for the redomiciliation of Ozon Holdings in 2024.
Ozon Holdings will be re-registered as Ozon IPJSC in the special administrative district of Kaliningrad. The company gave the reason for the redomiciliation as a "lack of adequate alternative ways to mitigate geopolitical and regulatory risks" and the need to restore its ability to conduct intra-group transactions without restrictions.
Sistema PJSFC is a co-owner of Ozon with a 31.76% stake. Another 27.71% is owned by O23 JSC, which is owned by Alexander Chachava's entities; the remaining shares are in free float, Interfax reports. This includes about 10% of the shares held by the National Settlement Depository (NSD), some of which may belong to foreign minority shareholders. Ozon stated that all of the company's American Depositary Receipts (ADRs) held by Russian financial institutions will be automatically converted into shares of the IPJSC during the redomiciliation process.
In August, Ozon Holdings reported a net profit from its core business for the first time in its 28-year history: in second quarter 2025 it amounted to RUB 359 million. At the same time, the company's second quarter revenue reached RUB 227.6 billion (an 87% increase year-on-year).