The largest Russian social network “VKontakte” and “Classmates”, which the parent company Mail.Ru Group owned through a series of offshore companies, soon changed the ownership structure. It is reported that Mail.Ru Group will remain the owner of these social networks without changing the share owned, but now control and financial operations will be carried out through Russian companies.
After the change Russian company Mail.Ru Group, which includes the two popular social networks and direct them through foreign offshore company will now control them via companies registered only in Russia. The impetus for this was the recent changes in the Russian legislation, which amnestied all the capital derived from offshore. Under the new changes all the money in the accounts before being in various offshore companies derived the accounts placed with Russian banks are automatically considered legal. Exceptions are only capital, for which there is reason to believe that they were used in carrying out illegal activities ..
The authorized representatives of the press service of Mail.Ru Group expressed confidence that the changes must first bind professional consolidation group and a significant simplification of the existing structure. At the moment, the most basic entity that will be responsible for the consolidation of ownership by all, without exception, the main asset of the holding of the above is of “Internet company Meyl.ru.” Officially, the general director of the company today is Elena Bagudina.
The social network “VKontakte” develops the company “VKontakte”. Until July 2015 she owned 50.07% of the company Mail.Ru Group Limited (British Virgin Islands) and 49.93% – Cyprus Vk.Com Holdings Limited.
From August 2015 50.07 % owned by the Russian company “Meyl.ru” (a wholly owned subsidiary of “Internet Meyl.ru Company”), a 49.93% – of the company “Internet company Meyl.ru.” The latter belongs to 99.993% of the Cyprus MGL Mail.Ru Equity Limited.
According to the annual report of Mail.Ru Group, in 2014. Revenue social network “VKontakte” (according to International Financial Reporting Standards – IFRS) amounted to 4.3 billion.
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