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:

Russian Imports of Dairy Products May Reach a Minimum Level Over the Past 15 Years
The Level of Quality of State Business Regulation in Russia Decreased
Russian Banks will get Compensation for their Lost Revenues
Russia will Strengthen Control over the Quality of Gasoline and Diesel Fuel
Sberbank and the California Accelerator 500 Startups Started to Accept Applications

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Lipetsk Group  travel to Russia  Peter and Fevronia  Russian banks  food products  Russian aviation  SIFA  Manezh  Events in Moscow  Russian business  Alexander Deyneka  Kostroma  Russian circus  Archeological Finds  Russian politicians  Installations  Kurganinsk  rhythmic gymnastics  airline company  Transaero  Festivals in Moscow  Mercedes-Benz Fashion Week Russia  Pussy Riot case  projects  Ufa  Unusual Constructions  Moscow  AK-47  Pavel Chistyakov's Memorial Estate  Russian tourism  Exhibitions in Moscow  Sergey Bodrov Sr.  Monuments  Modern Art  New Year celebrations  Rosneft  Russian Poets  anniversary  Korolev  Life Saving  Navalny  iPhone 5   Cyborgs  PayPal  RusRating  Russian regions  St. Petersburg  Unpiloted Aircrafts  Russian Cinema 

Travel Blogs
Top Traveling Sites