MTS bought a majority stake in the electric scooter rental service Yurent for 5 billion rubles, according to MTS’s annual report, which Runet learned about.
Join
In January 2024 it became known that MTS increased its stake in Yurent from 11.77% to 80.58%; At that time the amount of the transaction was not reported.
From the annual report of the telecom operator it follows that the purchase of control cost MTS 5.04 billion rubles, of which 4.64 billion rubles were paid at the time of completion of the transaction, and another 400 million rubles will be paid in January 2025.
In 2022, MTS invested 740 million rubles in Yurent in exchange for 11.78% of the company. Then the investment round was carried out together with the VPE and VEB Ventures funds, the total transaction amount was 2.09 billion rubles.
In 2024, the service is valued at 7.27 billion rubles. MTS’s total investments in the company amount to 5.74 billion rubles.
According to the Kontur.Focus system, MTS’s stake in Yurent is committed to Promsvyazbank.
Author:
Anastasia Marina
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
