The media learned about the transfer of control over Neftisa to Gutseriev's brother

Russian businessman Mikhail Gutseriev, who previously got rid of control over RussNeft, has transferred control of his second key asset, the Neftisa company, to his brother Sait-Salam Gutseriev, the Kommersant newspaper reports.

According to the publication, Mikhail Gutseriev remained a minority shareholder of the company. Now Sait-Salam Gutseriev in Neftis owns about 68%, and Mikhail Gutseriev and his son own about 7%.

Neftisa is owned by the Cypriot Dolmer Enterprises Ltd, which in turn is owned by the Cypriot Doneler Finance (75%) and Ramore Holdings (25%) from the British Virgin Islands, the ultimate beneficiaries of Doneler are Mikhail Gutseriev and his son Said (together 9%), and also Sait-Salam Gutseriev (91%), Kommersant writes.

Neftis declined to comment, the newspaper notes.