Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Mail.ru Group reduced its share in Facebook to 0.75%
28.10.2012 11:20
Mail.ru Group reduced its share in Facebook to 0.75%

In October Mail.ru Group has sold a part of its shares in the social net Facebook. According to the company’s financial report for the third quarter, its share has reduced from 1.34% to 0.75%.


      

The company has sold 16 million shares of Facebook, reports The Vedomosti. At that the sum of the income is not reported.


      

The stocks were sold not by one package but gradually. Mail.ru Group used the rise of Facebook shares after releasing the positive third quarter financial report. If Mail.ru Group had managed to sell the shares for the maximum price ($ 23.23 for a share fixed on October 24th), the company would have got about $ 372 million.


      

According to General Director of Mail.ru Group Dmitry Grishin, the company regards the Facebook shares only as a financial investment.


      

 


Author: Irina Fomina

Tags: Russian business IT    

Next Previous


You might also find interesting:

VEB: The National Currency Will Strengthen In 2020
26.08.2016
Short-term Concessional Loans Will Be Offered to Farmers
27.02.2017
Sberbank - the Most Reliable Russian Bank
24.11.2016
MasterCard Gives a Chance to Go to the Bolshoi Theatre For Free
29.12.2016
Goldman Sachs: Ruble Is Highly Underestimated
28.03.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Russian Cinema  Archeology  Summer Ballet Seasons   Russian business  Russian theatres  Parking  Russian history  accommodation in Russia  Alice Krylova  Russian directors  Russian officials  crisis  Lipetsk Region  TV-Centr  Skopin  accident  Ossetia  Stepan Pisakhov  National Payment System  Russian tourism  Mercedes-Benz Fashion Week Russia  Altay Territory  Extremism  Russian regions and cities  Alisher Usmanov  Alexander Pushkin  Krasnoyarsk  Russian Literature  fashion weeks  Golden Dolphin  Kemerovo Region  SIlver Age of Russian Poetry  Tyumen  Hyde Park  Anatoli Savchenko  Voronezh   Nuclear Submarines   Alfred Schnittke  Etching  Russian banks  Painting  Lavr Kornilov  Exhibitions in Moscow  Moscow  Heroism   Russian Series  Mercury  satellite  Russian hockey  Vladivostok 


Travel Blogs
Top Traveling Sites