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Mail.Ru Group Ltd acquires Bullion Development Ltd


Tuesday, 18 Mar 2014 12:01am EDT 

Mail.Ru Group Ltd:Enters into agreement for acquisition of Bullion Development Limited (Bullion), the beneficial owner of 11.99 percent of VK.Com Limited (VK).Upon completion of the acquisition the group would have a 51.99 percent economic interest in VK.No changes to the operational control over VK are intended.Accordingly, Mail.ru does not intend to fully consolidate VK in its financial statements upon completion.The beneficial owner of Bullion is Ivan Tavrin.The acquisition of Bullion is for cash and also gives Ivan Tavrin a 3 month option to buy the HeadHunter business from Mail.ru. 

Company Quote

19.0
-0.36 -1.86%
22 Dec 2014