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Aug 10 2012

Extra dividend boosts Naspers’ acquisition kitty

Published by under Companies,Europe,More News

According to German blog Mydividends.de Mail.ru, Russia’s biggest internet firm (in which Naspers holds a 29% stake) sold (some, or all) of its Facebook shares to pay an extraordinary dividend of $3.80 U.S. per share. In total $795 million U.S. will be paid out to shareholders on Aug. 17.

Then Naspers’ “acquisition kitty” will be roughly $231 million fuller. Not bad.

Here is the report of Mydividends.de and here the official press statement of Mail.ru. Note: the official statement doesn’t mention the Facebook sale.

Not known, is whether Mail.ru sold all or just some of its shares in Facebook and at what price Mail.ru sold. Before this sale, Mail.ru held 2.33% of all Facebook shares.

Mail.Ru Group also (still) holds 21.35% in QIWI, 39.99% in Russian social network “VKontakte”, 1.41% in Zynga Game Network Inc., 4.63% in Groupon Inc. and smaller stakes in a number of small Russian and Ukrainian internet companies.

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