Wednesday, November 16, 2016

MegaFon is interested in buying shares Mail.ru Group – RBC

the Logo of “MegaFon”

Photo: Vladislav Shatilo/RBC

the Cellular operator “the Megaphone” has confirmed that carries on negotiations on purchase of shares of the Internet company Mail.ru Group. Companies have one controlling shareholder — Group USM holdings Alisher Usmanov

“In connection with appeared in the media information company MegaFon confirms that it is negotiating with Mail.ru Group Limited, one of the largest Internet companies in Russian-speaking segment of the network, about a possible cooperation in joint development of new products and services for mobile subscribers and Internet users in the markets of presence of the companies”, — stated in received by RBC press release MegaFon.

it says that both companies are “leaders in their industries” and “natural partners for cooperation”. In the message of “MegaFon” stipulates that “in talks with some shareholders” Mail.Ru but “at the moment there is no clarity”, whether the operator is a shareholder of the company. It also notes that if the deal goes through, Mail.Ru will continue to operate as an independent company “to fully market conditions”.

Later Mail.ru also officially has confirmed that it is discussions about “potential business cooperation with the “MegaFon” for the joint development of new products and services.” According to the report of the company on the London stock exchange, Mail.ru involved in discussions about a potential transaction with “the Megaphone”.

companies Have the same controlling shareholder: 63,8% Mail.Ru and 56,32% of MegaFon owned by the Group USM holdings Alisher Usmanov. Earlier Wednesday, RNS, citing its own sources reported that the shareholders of MegaFon and Mail.ru discuss the possibility of merger. The representative of the USM at the time of publication was not available for comment.

One of the sources of RNS said that for such a purchase would require the consent of the Swedish group Telia, which owns 25,17% of the shares of “MegaFon”, but she “while skeptical of the possibility of such a transaction”.

member of the Board of Directors of the USM Group and “MegaFon” Ivan Tavrin information about a possible purchase Mail.ru Group denies. “This is nonsense. MegaFon buys Mail.ru” — he said (quoted by “Interfax”).

Shares Mail.Ru on the background of this news increased, whereas MegaFon, on the contrary, decreased. At 15:25 Moscow time quotations Mail.Ru grew by 4.3%, to $ 17,16 per paper, and by 17:30 rose to USD 17.5 per share. Quotes “the Megaphone” at 15:50 fell by 2.7%, to $ of 8.42 per share.

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