Tech investor Prosus has left VK shareholders. The company owned 25.7% of the Russian Internet holding company. The action was canceled for free in favor of VK, its press service reports.
VK sold the resulting own shares at market value to management. The deal amounted to 24.8 billion rubles.
“The management company, Singularity Lab, will ensure the operation of VK’s new long-term management motivation program, which aims to actively develop the company’s strategic directions,” VK said in a statement.
Prosus is a subsidiary of the South African holding company Naspers and specializes in investing in technology companies around the world.
Prosus’s plans to cancel its participation in the Russian VK became known in March. Prosus investors announced the cancellation after VK Group CEO Vladimir Kiriyenko was placed on the US sanctions list. Experts estimated the cost of Prosus’ involvement at $769 million.
Before the transaction, VK shares were distributed as follows: MF Technologies controlled 57.3% of the voting shares and 4.8% of the ordinary shares of VK, Prosus owned 12.3% of the voting shares and 25.7% of the ordinary shares, 4.5% belonged to Alibaba (9.5% of ordinary shares), 3.3% to Tencent (7% of ordinary shares), 22.6% belonged to other minority shareholders.
Author:
anastasia mariana
Source: RB
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