Vitaly Orlov, the billionaire owner of Russian fishing giant Norebo, is no longer listed as holding "significant control" in the group's European sales arm, Norebo Europe, according to documents filed with the UK business registry Companies House.
However, in what appears to be a transfer of ownership, Nikita Vitaljevich Orlov -- Vitaly's son -- was listed instead as the majority shareholder of the company on the same date, Jan. 16.
Companies House documents state that Nikita Orlov now owns 75 percent or more of the entity which is headquartered in the United Kingdom.
