USM gives control of stake in Mail.Ru to Internet firm’s mgmt

MOSCOW, Oct 22 (PRIME) -- USM Holdings has handed over control of its share in Mail.Ru Group to the Internet company’s management in the name of General Director Boris Dobrodeyev, according to a statement made by USM Holdings’ founder and co-owner Alisher Usmanov, seen by PRIME on Monday.

“I’ve been preparing this transfer over recent years because I’m sure that high-technology companies should be headed by a young generation: talented and ambitious people, attuned to trends of development of the modern digital business,” Usmanov said.

“I’m leaving the management board light-heartedly: our business and financial results have never been higher, and the team of Mail.Ru Group is brilliant professionals. I’m certain that under their rule, the holding will strengthen its position on the market even more.”

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