Mystery shareholder sells $114m of Mail.ru GDRs
An undisclosed shareholder has sold $114m of shares in Mail.ru, the Russian internet services company. The sale came a month after the company's co-founder Dimitry Grishin placed 4.7m global depositary receipts with institutional investors in a block trade, after numerous reverse enquiries.
Both deals have occurred after Mail.ru’s share price has surged by more than 70% this year, giving the company a market capitalisation of $7bn.Goldman Sachs and Credit Suisse launched the latest trade after the market close on Wednesday. The block of 4m GDRs was priced at $28.75, ...
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