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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

Russia's MegaFon in Talks With Mail.Ru Shareholders to Buy Stake

16/11/2016 4:56pm

Dow Jones News


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By Olga Razumovskaya

 

MOSCOW--Russia's second-largest telecom company, PAO MegaFon, is in talks with some Mail.Ru Group shareholders to buy a stake in the company, MegaFon said in a statement on Wednesday.

The two would continue to work as separate companies, MegaFon said.

The announcement came amid media reports that MegaFon was in talks with Mail.Ru, Russia's second-largest internet company, to buy some of its shares.

"MegaFon confirms that it is negotiating with some of the Mail.Ru Group shareholders, but at the moment there is no clarity in whether MegaFon will become a Mail.Ru shareholder," the statement said.

 

Write to Olga Razumovskaya at olga.razumovskaya@wsj.com

 

(END) Dow Jones Newswires

November 16, 2016 11:41 ET (16:41 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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