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dossiers · OW Capital

OW Capital — ENA: historical offshore holdings, later OW control and board changes

Issuer records document different dates and capacities. They identify earlier offshore shareholders but do not establish a common ultimate owner for them; later annual reports distinguish the successive supervisory boards.

published
14 oct 2026
updated
15 oct 2026
records as of
10 oct 2026
entities
164
sources
182
cite entities.csv

1The older offshore holdings and later supervisory boards

analysisENA’s disclosures show an older ownership layer before the 96.17% OW holding described in the Ukrainian judgment. A 2011 resolution named Kintana, Acorient, Omni and Maltesert in a private share placement. By the June 2012 affiliated-person list, Omni held 22.54%, Acorient 24.9% and Maltesert 24.9%; a January 2012 disclosure had reduced Kintana’s interest from 23.69% to 19.69%. These are dated ownership events, not a simultaneous current cap table.

Sources (13)

1 2 3 4 5 6 7 8 9 10 11 12 13

qualification
The sources do not establish that all those offshore shareholders were beneficially owned by Gamzalov. A placement resolution is distinct from a completed transfer. ENA’s 2024 and 2025 reports identify changing supervisory boards, including Meshkov, Ibragim Gamzalov, Irina Gamzalova, Sheverdov and Magomedov in the later roster. Dzhakhpar’s 2021 mandate ended before Ibragim’s began in September; the two people must not be merged. The 2024 report lists RUB 1.5925 billion revenue and RUB 132 million capital, not OW’s standalone revenue.

2Corporate-service records do not establish ultimate ownership

analysisThe archive traces corporate-service and historic officer records around Fofasio, Acorient and Maltesert, and a separately identified Latvian GS Finance & Trusts company. The ICIJ data describe a historic Maltesert shareholder and service-provider chain; they do not themselves prove a link to OW’s ultimate owner. The exact Acorient Cyprus registration HE 187773 is corroborated by issuer and directory identity data.

Sources (11)

14 15 16 17 18 19 20 21 22 23 24

qualification
The issuer’s historical Kintana name has not been conclusively reconciled with the candidate Cyprus registration HE 266685. Directory snapshots also conflict over whether that candidate was dissolved or active and name different officers. Those candidate officers are therefore not attached to the issuer shareholder as established identities. Many service-company appointments do not by themselves prove a nominee relationship or wrongdoing. Offshore registration is not an adverse finding.
Sources (24)
  1. Company statement source · s-d63 identified by category only · Company statement
  2. Company statement source · s-d135 identified by category only · Company statement
  3. Other source · s-d143 identified by category only · Other
  4. Company statement source · s-d202 identified by category only · Company statement
  5. Other source · s-d249 identified by category only · Other
  6. Company statement source · s-d251 identified by category only · Company statement
  7. Company statement source · s-d400 identified by category only · Company statement
  8. Company statement source · s-d402 identified by category only · Company statement
  9. Company statement source · s-d403 identified by category only · Company statement
  10. Company statement source · s-d404 identified by category only · Company statement
  11. Company statement source · s-d406 identified by category only · Company statement
  12. Company statement source · s-d407 identified by category only · Company statement
  13. Company statement source · s-d409 identified by category only · Company statement
  14. Other source · s-d190 identified by category only · Other
  15. Other source · s-d196 identified by category only · Other
  16. Corporate registry concerning OW Capital or the identified participant UK Companies House
  17. Corporate registry concerning OW Capital or the identified participant UK Companies House
  18. Other source · s-d434 identified by category only · Other
  19. Media source · s-d435 identified by category only · Media
  20. Other source · s-d439 identified by category only · Other
  21. Other source · s-d440 identified by category only · Other
  22. Other source · s-d445 identified by category only · Other
  23. Other source · s-d474 identified by category only · Other
  24. Other source · s-d508 identified by category only · Other

Recorded connections

  • OW Capital Management GmbH to ENA JSCHolder of 96.17%reported · Court reconstruction of the 2024–2025 position, decided January 2026; later ownership not reconstructed here · current or historical not established
  • Zubov Stepan Sergeevich to ENA JSCGeneral directorreported · Source recorded 2026-04-27; underlying event date and later status depend on the cited record · current or historical not established
  • Irina Vyacheslavovna Gamzalova to ENA JSCSupervisory-board memberreported · Recorded from 2022-06-02; later status not established · current or historical not established
  • Ibragim Stanislavovich Gamzalov to ENA JSCSupervisory-board memberreported · Recorded from 2022-06-02; later status not established · current or historical not established
  • Meshkov Roman Vladimirovich to ENA JSCSupervisory-board memberreported · Recorded from 2022-06-02; later status not established · current or historical not established
  • Antropov Anton Gennadevich to ENA JSCSupervisory-board memberreported · Recorded from 2022-06-02; later status not established · current or historical not established
  • Sheverdov Gleb Vyacheslavovich to ENA JSCSupervisory-board memberreported · Recorded from 2022-06-02; later status not established · current or historical not established
  • Rayvel Audit Company LLC to ENA JSCExternal auditorreported · Source recorded 2022-06-02; underlying event date and later status depend on the cited record · current or historical not established
  • OW Capital Management GmbH to ENA JSCHolder of 96.17%reported · Portfolio description based on the 2016 balance sheet; current position requires separate evidence · historical
  • Ibragim Stanislavovich Gamzalov to ENA JSCSupervisory-board memberreported · Recorded from 2024-11-29; later status not established · current or historical not established
  • Irina Vyacheslavovna Gamzalova to ENA JSCSupervisory-board memberreported · Recorded from 2024-11-29; later status not established · current or historical not established
  • Magomedov Magomed Akhmedinovich to ENA JSCSupervisory-board memberreported · Recorded from 2024-11-29; later status not established · current or historical not established
  • Meshkov Roman Vladimirovich to ENA JSCSupervisory-board memberreported · Recorded from 2024-11-29; later status not established · current or historical not established
  • Sheverdov Gleb Vyacheslavovich to ENA JSCSupervisory-board memberreported · Recorded from 2024-11-29; later status not established · current or historical not established
  • Zubov Stepan Sergeevich to ENA JSCGeneral directorreported · Recorded from 2019-06-28; later status not established · current or historical not established
  • Dzhakhpar Askhabovich Gamzalov to ENA JSCSupervisory-board memberreported · Historical supervisory-board mandate, ended 5 September 2021 · historical
  • Antropov Anton Gennadevich to ENA JSCSupervisory-board memberreported · Recorded from 2021-06-15; later status not established · current or historical not established
  • Zubov Stepan Sergeevich to ENA JSCSupervisory-board memberreported · Supervisory-board mandate 16 June–5 September 2021; distinct from general-director office · historical
  • Sheverdov Gleb Vyacheslavovich to ENA JSCSupervisory-board memberreported · Recorded from 2021-06-15; later status not established · current or historical not established
  • Grekov Andrey Sergeevich to ENA JSCSupervisory-board memberreported · Recorded from 2021-06-15; later status not established · current or historical not established
  • Rayvel Audit Company LLC to ENA JSCExternal auditorreported · Source recorded 2021-06-15; underlying event date and later status depend on the cited record · current or historical not established
  • ENA JSC to Gidromash MK CJSCHistoric registered founderreported · Historical capacity; entity ceased 18 December 2017; role did not continue beyond that event · historical
  • ENA JSC to Remstroyservis LLCHistoric registered founderreported · Historical capacity; entity ceased 28 April 2003; role did not continue beyond that event · historical
  • ENA JSC to Trading House Shchelkovo Pumps–ENA CJSCHistoric registered founderreported · Historical capacity; entity ceased 9 February 2010; role did not continue beyond that event · historical
  • ENA JSC to Remservice-ENA CJSCHistoric registered founderreported · Historical capacity; entity ceased 25 September 2009; role did not continue beyond that event · historical
  • ENA JSC to Magnitoprovody ENA CJSCHistoric registered founderreported · Historical capacity; entity ceased 29 April 2011; role did not continue beyond that event · historical
  • ENA JSC to Remstroyservis LLCHistoric participant; recorded contribution RUB 2,100reported · Recorded from 2003-04-17; entity ceased 28 April 2003; role did not continue beyond that event · historical
  • Sultanov Pavel Viktorovich to ENA JSCSupervisory-board memberreported · Recorded from 2011-06-30; later status not established · current or historical not established
  • Pavlyukevich Andrey Anatolevich to ENA JSCSupervisory-board memberreported · Recorded from 2011-06-30; later status not established · current or historical not established
  • Chabrov Evgeniy Sergeevich to ENA JSCSupervisory-board memberreported · Recorded from 2011-06-30; later status not established · current or historical not established
  • Rusanova Natalya Aleksandrovna to ENA JSCSupervisory-board memberreported · Recorded from 2011-06-30; later status not established · current or historical not established
  • Rayvel Audit Company LLC to ENA JSCExternal auditorreported · Source recorded 2011-06-30; underlying event date and later status depend on the cited record · current or historical not established
  • Kintana Investments Limited (historical ENA shareholder) to ENA JSCProposed subscriber for 267,661 new shares under the 2011 resolutionreported · Private-placement resolution 30 June 2011; completion of the allocated subscriptions not established here · historical
  • Acorient Constructions Ltd to ENA JSCProposed subscriber for 475,287 new shares under the 2011 resolutionreported · Private-placement resolution 30 June 2011; completion of the allocated subscriptions not established here · historical
  • Omni Eurotrading Ltd to ENA JSCProposed subscriber for 394,847 new shares under the 2011 resolutionreported · Private-placement resolution 30 June 2011; completion of the allocated subscriptions not established here · historical
  • Maltesert Group Inc. to ENA JSCProposed subscriber for 462,205 new shares under the 2011 resolutionreported · Private-placement resolution 30 June 2011; completion of the allocated subscriptions not established here · historical
  • Omni Eurotrading Ltd to ENA JSCHolder of 22.54% in the May–June 2012 disclosurereported · Shareholding disclosed from 4 May 2012 in the June 2012 issuer record · historical
  • Acorient Constructions Ltd to ENA JSCHolder of 24.9% in the May–June 2012 disclosurereported · Shareholding disclosed from 4 May 2012 in the June 2012 issuer record · historical
  • Maltesert Group Inc. to ENA JSCHolder of 24.9% in the May–June 2012 disclosurereported · Shareholding disclosed from 4 May 2012 in the June 2012 issuer record · historical
  • Abarkin Denis Aleksandrovich to ENA JSCGeneral directorreported · Recorded from 2012-06-29; later status not established · current or historical not established
  • Magomedov Magomed Akhmedinovich to ENA JSCSupervisory-board memberreported · Board roster during 1 January–28 November 2024; reporting-period start is not an appointment date · historical
  • Murtazaliev Gadzhi Omarovich to ENA JSCSupervisory-board memberreported · Supervisory-board roster through 28 November 2024 · historical
  • Ibragim Stanislavovich Gamzalov to ENA JSCSupervisory-board memberreported · Source recorded 2024-11-28; underlying event date and later status depend on the cited record · current or historical not established
  • Irina Vyacheslavovna Gamzalova to ENA JSCSupervisory-board memberreported · Office recorded throughout the 2025 reporting year; report dates are not appointment and resignation dates · historical
  • Ibragim Stanislavovich Gamzalov to ENA JSCSupervisory-board memberreported · Office recorded throughout the 2025 reporting year; report dates are not appointment and resignation dates · historical
  • Magomedov Magomed Akhmedinovich to ENA JSCSupervisory-board memberreported · Office recorded throughout the 2025 reporting year; report dates are not appointment and resignation dates · historical
  • Meshkov Roman Vladimirovich to ENA JSCSupervisory-board memberreported · Office recorded throughout the 2025 reporting year; report dates are not appointment and resignation dates · current or historical not established
  • Zubov Stepan Sergeevich to ENA JSCGeneral directorreported · Office recorded throughout the 2025 reporting year; report dates are not appointment and resignation dates · current or historical not established
  • Kintana Investments Limited (historical ENA shareholder) to ENA JSCHolding reduced to 19.69% from 23.69% on 24 January 2012reported · Reduction reported effective 24 January 2012; no termination of the remaining 19.69% established · historical
  • Ibragim Stanislavovich Gamzalov to ENA JSCSupervisory-board memberreported · Recorded from 2021-09-06; later status not established · current or historical not established
  • Ryumina Natalya Vladimirovna to ENA JSCSupervisory-board memberreported · Ended by 2021-06-15 · historical

cite this dossier

DossierTwist, “OW Capital Management: industrial holdings, the KVBZ confiscation and separate court outcomes”, dt.010, 14 October 2026 (updated 15 October 2026), https://dossiertwist.com/dossiers/ow-capital/

Free to read, cite and republish with credit under CC BY 4.0: credit “DossierTwist” and link to the dossier.

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