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MLRYY VK Company Ltd (CE)

0.9011
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
VK Company Ltd (CE) USOTC:MLRYY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.9011 0.00 01:00:00

Mail.Ru To Discuss Special Dividend At Board Meeting-Interfax

30/10/2012 3:45pm

Dow Jones News


VK (CE) (USOTC:MLRYY)
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MOSCOW--Russian Internet company Mail.Ru (MAIL.LN) will discuss issuing a special dividend, related to the sale of a Facebook Inc. (FB) stake in October, at its board meeting in two weeks, Chief Executive Dmitry Grishin told news agency Interfax Tuesday.

"We have always noted that investments in Facebook, Groupon and Zynga have been for us only financial investments. If the market has good offers on the shares of these companies, we will consider.. selling them," the CEO was quoted saying.

In the second half of October Mail.Ru decreased its share in Facebook to 0.75% from 1.34%, making over $300 million on the sale.

Write to Olga Razumovskaya olga.razumovskaya@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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