2 Nov 2020 07:00
2 November 2020 For immediate release
Mail.ru Group sells MAPS.ME
Mail.ru Group Limited (LSE, MOEX: MAIL, hereinafter referred as "the Company"), one of the largest Internet companies in the Russian-speaking Internet market, announces the completion of the sale of 100% of MAPS.ME, a mobile maps and navigation service based on OpenStreetMap data, to Daegu Limited (member of Parity.com Group) for RUB 1,557million.
Mail.ru Group acquired MAPS.ME in 2014 for RUB 542 million. MAPS.ME app has surpassed 140 million installs and has 10 million monthly active users. In 2019, MAPS.ME revenue amounted to RUB 159 million with an EBITDA loss of RUB 25 million. Disposal is part of Mail.ru Group's strategy to focus on development of core assets where international travel is perceived as non-core.
For further information please contact:
Investors
Tatiana Volochkovich
Phone: +7 495 725 6357 extension: 3434
Mobile: +7 905 594 6604
E-mail: t.volochkovich@corp.mail.ru
Press
Sergei Luchin
Mobile: +7 (915) 223-35-71
E-mail: s.luchin@corp.mail.ru
Ksenia Egorova
Mobile: +7 (915) 314-77-97
E-mail: k.egorova@corp.mail.ru
About Mail.ru Group:
Mail.ru Group is an evolving ecosystem of services, helping millions of people with their day-to-day needs online. More than 90% of the Russian internet audience use the company's products.
The Mail.ru Group ecosystem enables people to keep in touch (using social networks OK and VK, messaging apps and email service), play video games (via MY.GAMES), get and offer items and services, browse jobs and hire talent (via Youla and Worki), master new skills (GeekBrains, Skillbox and other educational services), stay informed (Mail.ru portal), and offers many other activities. The ecosystem also includes Mail.ru Group's own smart speaker Capsule with the Marusya voice assistant. Mail.ru Group services allow quick authorization via VK Connect.
Another important component of the ecosystem is the Mail.ru Group-Sberbank joint platform, which includes Citymobil, Delivery Club, Samokat and other services for ordering food or grocery delivery, ride hailing or booking a car. The company also owns a share in AliExpress Russia, a platform allowing to order almost any item online.
The company offers enterprises to employ its dynamic ecosystem to digitize their business processes, providing a range of solutions from online promotion to cloud services.
About Parity.com Group (Daegu Limited is member of Parity.com Group):
Parity.com Group is an instant global settlement system which helps individuals and corporates around the world store money in AAA safety and transfer it in real-time.
Parity.com Group offers an ecosystem of services to help people send money globally to friends and family, save money when travelling or shopping online. Parity.com enables corporates make mass payouts, collection and disbursement of funds, escrow, treasury management. It is particularly relevant for insurance sector, marketplaces, travel, commodity trading and trade finance.
Parity.com relies on leading partners in their respective fields including TMF Group (corporate governance and trustee of funds), Morgan Lewis and Reed Smith (legal advice globally), Marqeta (modern issuer of cards), CurrencyCloud (global BaaS platform) and others. Parity.com Group is privately held and is headquartered in Zug, Switzerland. It was founded by Viktor Mangazeev and Alex Grebnev in 2018.