Firms owned by Megafon ex-CEO Vermishyan increase stake in Selectel to 34%

MOSCOW. May 5 (Interfax) - The Solnechny Veter investment company, founded by former Megafon CEO Gevork Vermishyan, has acquired a 10% stake in IT infrastructure provider JSC Selectel.

Selectel said in a corporate event disclosure that the deal had been signed on April 30.

The Tier 5 fund, another firm owned by Vermishyan, already had a 24% stake in Selectel. As such, investment firms managed by Vermishyan now hold a collective stake of 34% in JSC Selectel.

Selectel told Interfax that the 10% had been purchased from its parent company, Servertech.

In April, JSC Selectel board member Andrei Golukhov acquired a 4.852% stake from Servertech.

Servertech retained a 53.564% stake in JSC Selectel after both deals, the company reported.

Selectel-Invest LLC also holds a 2.8% share in Selectel, while 4.77% is owned by the company's management.

Selectel provides cloud services based on its own data centers in Moscow, St. Petersburg and the Leningrad region, as well as a partner data center in Novosibirsk. The company was founded in 2008 by VKontakte co-founders Lev Leviev and Vyacheslav Mirilashvili.

The company had previously said that Selectel was considering an IPO as one of its potential development strategies. However, in October 2024, CEO Oleg Lyubimov said that the company does not see a suitable window for going public in view of the market situation.