April 5, 2018 / 6:20 AM / 3 months ago

BRIEF-Russia's Mail.Ru, Megafon buy stake in taxi service for $35 mln

April 5 (Reuters) - Russian internet business Mail.Ru and Russian mobile phone operator Megafon said in statements:

* Mail.Ru will invest up to $12 million to get a stake of 26 percent in the Citymobil taxi service

* Mail.Ru Group will not consolidate Citymobil in its financial results

* Megafon will spend around $14 million for a stake of up to 31 percent stake in Citymobil taxi

* Megafon says it will also not consolidate the stake in Citymobil. (Reporting by Moscow Newsroom)

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