VK shares fell 5% amid the termination of the Citymobil service

Quotes VK at the moment fell by 5.21% to ₽407.8. By 12:14 Moscow time, the decline slowed down to 0.52%, the price of one security amounted to ₽428. This is evidenced by trading data on the Moscow Exchange.

The fall occurred against the backdrop of a complete cessation of the Citymobil service, the company's press service reports. On its basis, the Taxi VKontakte application functioned. The app is now temporarily down, as reported on its social media page.

Citymobil was previously one of the largest players among taxi aggregators. The service is part of a joint venture between Sberbank and VK.

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