Russia's MegaFon in Talks With Mail.Ru Shareholders to Buy Stake
16 November 2016 - 5:56PM
Dow Jones News
By Olga Razumovskaya
MOSCOW--Russia's second-largest telecom company, PAO MegaFon, is
in talks with some Mail.Ru Group shareholders to buy a stake in the
company, MegaFon said in a statement on Wednesday.
The two would continue to work as separate companies, MegaFon
said.
The announcement came amid media reports that MegaFon was in
talks with Mail.Ru, Russia's second-largest internet company, to
buy some of its shares.
"MegaFon confirms that it is negotiating with some of the
Mail.Ru Group shareholders, but at the moment there is no clarity
in whether MegaFon will become a Mail.Ru shareholder," the
statement said.
Write to Olga Razumovskaya at olga.razumovskaya@wsj.com
(END) Dow Jones Newswires
November 16, 2016 11:41 ET (16:41 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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