Date: 5 months ago   Category: IT & Media

The stocks Mail.ru Group have risen 10% after the announcement of the joint venture with RDIF, Alibaba Group and MegaFon — Rambler News Service


Photo: Valery of Sharifulin/TASS Mail.ru Group Stock price after the announcement of creation of the joint venture with RDIF, Alibaba Group and MegaFon have grown more than by 10%, data of the London Stock Exchange demonstrate. As of 11:16 Moscow time value of the stock of Mail.ru Group has increased by 10,18% and I have made $24,24 for the global depository receipt (GDR), each of which submits one common stock. Earlier the Russian Direct Investment Fund (RDIF), Alibaba Group, MegaFon and Mail.Ru Group declared during the WEF-2018 creation of joint venture. Within the transaction of Alibaba will transfer a controlling stake to AliExpress Russia to MegaFon, Mail.ru Group and RDIF. After completion of transactions within conditions on closing of the transaction and its coordination by all partners in the joint venture Alibaba Group (48%), MegaFon (24%), Mail.Ru Group (15%) and RDIF (13%) will become owners of AliExpress Russia.

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