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The story
The company was established in 1990 by Andrey Gertsev, Sergei Derevianko and Tatiana Derevianko as "Creative Cooperative Association AST" (Russian: Творческое кооперативное объединение «АСТ»). AST is an abbreviation meaning Andrey–Sergei–Tatiana. In 1993 the company was divided into AST itself, headed by Andrey Gertsev, and AST-PRESS.
As of 2007, AST and its rival (later parent company) Eksmo together published approximately 30% of all Russian books. In 2008 AST purchased Avanta+.
On April 19, 2012, the commercial subdivision of AST "Pyaty okean" filed for bankruptcy, as their debts exceeded 7.5 billion roubles. Eksmo stated that they had plans for AST purchase. In June 2012 Oleg Novikov, the general director of Eksmo, reported that Eksmo gained control on several subdivisions of AST, with an exception of "Bukva" bookstores chain.
From Wikipedia’s article on AST (publisher), shared under CC BY-SA 4.0.4