Aqua Invest

History

2023: Mikhail Yakobashvili's exit from the company's capital

Mikhail Yakobashvili, the son of entrepreneur David Yakobashvili, who founded Wim-Bill-Dann, withdrew from Aqua Invest's capital. The entrepreneur owned 33.33% of the holding. This became known in mid-October 2023.

According to Interfax, citing data from the SPARK-Interfax system, Kazbek Invest LLC, registered in March 2023, has become the new co-owner of Aqua Invest. The beneficiary of the company is Mikhail Mirzoev. The founder and former owner is Egor Loginov, who also established Aqua Invest in 2017 and until 2019 was a co-owner of the company, the news agency notes.

David and Mikhail Yakobashvili

AFK Sistema (owns 33.33% of Aqua Invest) confirmed the deal, but refrained from informative comments:

Mikhail Yakobashvili sold his stake in Aqua Invest to a Russian investor. The strategy of building a market leader remains the same.

By mid-October 2023, Aqua Invest owns 75% of Aqua Holding LLC, which is engaged in the extraction and bottling of water under the brands Essentuki No. 4 and No. 17, Native Lakes, Slavyanovskaya, Narzan and Arkhyz Vita^[1]

2017-2019

Aqua Invest LLC was established in 2017. In March 2019, Loginov sold a third in Aqua Invest to AFK Sistema, founded by billionaire Vladimir Yevtushenkov. In June of the same year, Mikhail Yakobashvili became a co-owner of Aqua Invest with a share of 33.33%. David Yakobashvili then stressed that Mikhail himself will manage the project, although he noted that this is a family investment.

2003-2010

Back in 2003, Wimm-Bill-Dann, in which the package belonged to Yakobashvili Sr., began to spill Essentuki. In 2010, these assets were transferred to PepsiCo as part of the sale of Wimm-Bill-Dann (David Yakobashvili received $600 million for his share), and then went to Aqua Invest, created by Egor Loginov.

Notes