Majority shareholder of HMS Group bought out its Russian business

HMS Holding bought the Russian business of HMS Group, whose depositary receipts are traded on the LSE and the Moscow Exchange. HMS Holding is the major shareholder of HMS Group with a 71.5% stake. The buyer will have to pay ₽2.706 billion for the assets within 2 years. The company does not plan to delist the receipts on its own until the settlements are completed.