October 9, 2019 / 7:17 AM / 9 days ago

BRIEF-Mail.ru closes JV deal with Alibaba, Megafon and RDIF

Oct 9 (Reuters) - Russian internet group Mail.ru says:

* Alibaba Group, Megafon, Mail.ru Group and Russian Direct Investment Fund (RDIF) close a joint venture deal.

* AliExpress Russia JV (AER JV) is majority owned by Russian shareholders with a board of directors comprised of representation from RDIF, Alibaba, Megafon and Mail.ru.

* Boris Dobrodeev will be the chairman of AliExpress Russia JV board of directors.

* The parties have appointed two co-CEOs - AliExpress Russia Head Liu Wei and First Deputy Chief Executive Officer of Mail.ru Dmitry Sergeev. Further company coverage: (Reporting by Moscow Newsroom)

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