1C transferred Cypriot assets to Russian jurisdiction
Game distributors LLC “Company Soft Club” and LLC “1C-Softclub” are now directly owned by the Russian 1C. According to Kommersant, at the end of last November, it acquired them from the Cypriot DM Investments Multi Ventures.
Representatives of 1C explained in a comment to the newspaper that they had restructured in order to simplify the management of the group of companies. “The intermediate subholding is being removed, while the main business processes and beneficial ownership of property do not change,” 1C said.
According to one of the representatives of the industry, with whom the journalists of Kommersant spoke, the return of assets to Russia is necessary, among other things, to make it easier for 1C to claim the support of the authorities. Gadzhi Maktiyev, the owner of Igromania and Kanobu, believes that 1C wants to expand its share in the Russian market, which “became freer” after the departure of a number of foreign companies.
