Russian President Vladimir Putin has signed an order allowing Baring Vostok (the biggest shareholder of Kazakhstani fintech group Kaspi.kz) to sell its biggest Russian assets as part of splitting the business. The Ozon marketplace, which entered Kazakhstan’s market in 2021, is one of several companies mentioned in the official published document.
This permission is the latest stage of the deal aimed at the splitting of Baring Vostok’s business into two parts: the international business and the Russian one. Under the arrangement with Russian authorities, the Russian part of the business or Vostok Investments will be supervised by local executives of...