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Completion of Transaction

16th Nov 2010 12:04

RNS Number : 2661W
Mail.ru Group Limited
16 November 2010
 



For immediate release

 

 

 

16 November 2010

 

 

MAIL.RU GROUP LIMITED

 

("Mail.ru Group" or the "Company")

 

COMPLETION OF TRANSACTION

 

 

London / Moscow - MAIL.RU GROUP LIMITED (LSE: MAIL), the largest Internet company in the Russian-speaking world based on monthly unique users, is pleased to confirm that it has today completed the planned acquisition of a further 7.5% equity stake in vKontakte, Russia's largest social networking site, and simultaneously the planned investment of new capital in the business and the acquisition of an option to acquire a further stake in vKontakte, as described in the Company's prospectus.

 

The completion of this transaction brings Mail.ru Group's total equity stake in vKontakte to 32.5%.

 

 

For further information please contact:

 

FD

 

London +44 (0)20 7831 3113 Moscow +7 495 795 06 23

James Melville-Ross Leonid Solovyev

Matt Dixon

 

 

Ends

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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