Central regions | Finance, business | Technology & innovation
Mail.ru Group invests in new food delivery project
8 Jul '19
Mail.ru Group, one of Russia’s largest Internet holding companies, is now a minority shareholder in Performance Food, a Russian company that touts itself as “the largest healthy food manufacturer in this country,” the Russian business daily Kommersant reported.
One of Performance Food’s co-founders is Denis Gusev, a Russian athlete and participant of global events sponsored by the International Federation of Bodybuilding and Fitness (IFBB).
MGL Mail.ru Equity Ltd., a Cyprus-based subsidiary of the Russian Internet giant, now co-owns PFLK Group Ltd., another company in Cyprus which is the parent firm for Performance Food. According to a Cyprus register, Mail.ru Group now controls around 4% of PFLK Group.