VK International Public Joint-Stock Company (OTCPK:MLRY.Y) acquired 40% stake in Intickets LLC on May 3, 2024. The deal should allow VK, as a trusted information system, to implement developing the Pushkin Card, specifically improving the efficiency of the program and ensuring security for participant card users, cultural organizations and ticket operators. In 2023 Intickets has revenue of RUB 578.2 million and net profit of RUB 174.9 million.
VK International Public Joint-Stock Company (OTCPK:MLRY.Y) completed the acquisition of 40% stake in Intickets LLC for RUB 723 million on May 3, 2024. Intickets LLC by acquiring a 40% share for a cash consideration of RUB 472 million. The current ownership share is sufficient to make decisions on key issues, which gives control. The Group also recognized an obligation to pay deferred remuneration in the amount of RUB 251 million.
VK International Public Joint-Stock Company (OTCPK:MLRY.Y) acquired 40% stake in Intickets LLC.
Published on 05/02/2024
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