Capital Group increased its stake in Rambler Media

Capital Group (CG) investment company increased its stake in Rambler Media to 6.59% of voting shares. How many shares were in the CG package before - not specified, but it is known that at least 5%, according to Vedomosti . The value of the deal concluded on March 15 was at least $ 11.2 million (one share of Rambler Media was worth $ 46.38 that day).

CG has been a shareholder in Rambler Media since 2006. Experts associate her interest in Rambler with the change of ownership in the Russian media holding. According to representatives of Troika Dialog, which now controls Rambler Prof-Media, it is a strategic investor who is interested in the fastest growth in asset capitalization, as he is preparing to enter the stock market.

Since the beginning of 2007, Rambler has risen in price by 37.7% - in particular, due to the overall growth of the Internet advertising market in Russia, experts say. In 2006, according to Mindshare Interaction , this market increased by 87% to $ 187 million. According to Arkady Volozh, the general director of Yandex, it will grow at a similar pace this year, so investors can make good money on stocks of companies owning the Internet search engines