Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS Group reduced its share in Facebook to 0.75%
28.10.2012 11:20 Group reduced its share in Facebook to 0.75%

In October 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. Group used the rise of Facebook shares after releasing the positive third quarter financial report. If 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 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:

Restrictions On the Import Of Pork
IPSA. Spring - International Promo Industry Exhibition in Moscow
SberTechs Design Laboratory Launched a New Project
Sberbank Issues Contactless Mir Cards
Sberbank Won Red Dots Communication Design 2017 Award

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Brass Band Festival "Fanfares"  recession  international cooperation  Victor Titov  economic crisis  Russian music  Tilda Swinton  Leningrad Region  Russian diamonds  Russian Literature  Petroglyph Cave  Russian history  Spartak Moscow  Alexander Benois  Football  Sumo Wrestling  Mercedes-Benz Fashion Week Russia  Film Festival  Russian tourism  Caricatures  Archeology  Peterhof  Exhibitions in Moscow  CSKA  gold and currency reserves  music  National Museum Of Chechnya  migrant workers  Yevgeni Grishkovetz  Russian football team  Novgorod  Meridians of the Pacific" Film Festival   Fashion models  IT  Russian Cinema  Painting  Spasskaya Fair   Russian Collectors' Forum  Russian International  sanctions  Harold Feinstein  exoskeleton   Mariinsky theatre  transport in Moscow  Irkutsk  Russian sport  Russian business  Moscow  Russian constructors  Krasnodar region 

Travel Blogs
Top Traveling Sites