Top executives at the automaker Sollers gained control of a majority stake after purchasing 77.6% of the company’s shares from the former main owner, Vadim Shvetsov, for 4 billion rubles, according to Interfax, which cited Alter Invest’s reporting as the controlling shareholder of Sollers.
The share purchase and sale agreement was executed on June 20, 2022. The arrangement includes an option that would let the previous owner repurchase up to half of Sollers’ shares after one year. The group behind Alter Invest comprises Sollers’ senior leaders, including Adil Shirinov, Nikolai Sobolev, Zoya Kaika, and Viktor Khvesenya.
By the end of December, reports indicated that Sollers had begun selling vehicles under their own brand, marking a milestone for the company. Earlier, in March 2023, Sollers introduced a car subscription program, expanding the ways customers could access their vehicles.
These developments reflect a period of strategic consolidation within Sollers, aligning leadership ownership with the company’s manufacturing and market ambitions. By consolidating a majority stake, the executive team aimed to streamline decision making, accelerate product launches, and enhance the firm’s ability to respond to market dynamics in the regional automotive sector. Observers note that the deal structure, including the repurchase option, provides a potential pathway for the previous owner while cementing the current leadership’s long-term influence over corporate direction. The emergence of the brand’s own vehicle lineup and the subscription model signals an integrated approach to product strategy, financing, and customer access that could influence competition in the regional market for Russian-made autos. Industry analysts are watching how Sollers will balance investment in research and development with scale manufacturing as part of its growth trajectory.