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MGL Wallet

Company

Content

Owners

+ MF technology (ITF)
+ Milner Yuri Borisovich (Benitsionovich)
+ Dmitry Grishin

History

2023: VK sold control at MGL Wallet

VK sold control of Cypriot fintech company MGL Wallet. The Internet holding announced this in its reports published on August 10, 2023.

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In July 2023, the Group transferred control to the buyer over the subsidiary MGL Wallet (Cyprus) Ltd. for 1 million euros (118 million rubles at the exchange rate at the date of transfer of control), the document says.
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VK sells control of Cypriot fintech company MGL Wallet

At the same time, the buyer of assets is not indicated there. According to information on the MGL Wallet website, the company offers individual solutions in online payments for individuals and legal entities in the European Economic Zone.

In March 2023, when disclosing results for the fourth quarter of 2022, VK reported that the company had signed a binding agreement to sell MGL to Wallet Ltd. The report noted that the transition of control over the fintech organization depends on the terms of the agreements, their implementation is expected during 2023.[1]

Notes