Russia's Federal Antimonopoly Service granted the application of Mail.ru Group Limited (the British Virgin Islands) for the right to direct the business of V kontakte LLC (St. Petersburg), Professional Contacts LLC (St. Petersburg), V Kadre LLC (St. Petersburg), the regulatory body informed.
Earlier, in March 2014, Mail.Ru Group Limited acquired Bullion Development Limited which owns 11.9996% of the VKontakte social network. Following the deal completion, Mail.Ru Group's stake in the social network should have reached 51.99%.
The core businesses of V kontakte LLC (tax number: 7842349892) are the development of software (including related consultancy services) and advertising.
The core business of Professional Contacts LLC (tax number: 7842370510) is the hiring of labor force and staff recruitment.
V Kadre LLC (tax number: 7842363600) is principally engaged in the retail trade of PCs, software and peripherals.
Mail.ru Group Ltd. owns the same-name web portal, social networks Odnoklassniki.Ru and Moy Mir, instant messengers Mail.Ru Agent and ICQ as well as minority stakes in the VKontakte social networking service (39.99%), the Qiwi payment system (10.04%), and some minor Russian and Ukrainian companies.
To date, Mail.ru Group has issued 96,068,000 Type A shares and 113,036,211 common shares.
According to Mail.Ru Group's preliminary unaudited financial and operational results, the company's net profit for the financial year 2013 increased by 36.1% to RUB 11.447 billion. Aggregate segment revenue grew by 29.6% eyar-on-year to RUB 27.404 billion, aggregate segment EBITDA by 30.8% to RUB 15.087 billion. The company's cash balance as of December 31, 2013 was RUB 31.303 billion.