Stockholm, Nov. 13, 2018 (GLOBE NEWSWIRE) --

Vostok New Ventures Ltd. ("Vostok New Ventures" or the "Company") announces a material transaction in its second largest portfolio holding, BlaBlaCar which, subject to closing, is expected to have a material positive impact on the Company’s Net Asset Value (“NAV”).

BlaBlaCar has announced it has entered into an agreement with SNCF to acquire Ouibus, a ​subsidiary of SNCF and market-leading French bus operator.

BlaBlaCar also announced a EUR 101 mln investment involving SNCF and existing BlaBlaCar investors.

For further information, please see BlaBlaCar’s separate press release.

The transaction, subject to closing, is expected to have a material impact on Vostok New Ventures NAV and will result in a positive revaluation of Vostok New Ventures holding in BlaBlaCar by approximately 45% or EUR 43 mln compared to Vostok New Ventures valuation of its holding in BlaBlaCar as per June 30, 2018.

For further information please contact:
Björn von Sivers, Investor Relations: +46 (0)8-545 015 50

This information is information that Vostok New Ventures Ltd. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on November 13, 2018.

Vostok New Ventures Ltd, formerly Vostok Nafta Investment Ltd, is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The Swedish Depository Receipts (SDRs) of Vostok New Ventures are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV SDB. For more information on Vostok New Ventures, visit www.vostoknewventures.com.

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