* To sell 13.86 million shares on the market

* Price set at $32.50 per GDR vs $34.84 Tuesday’s close

* Sale to bring selling shareholders $450 million

* Naspers, Tencent, Russian tycoon Usmanov not selling

* Shares down 8.4 percent

(Adds sale price, traders’ comments, source on shareholders)

MOSCOW, April 27 (Reuters) – Russian internet investment
company Mail.ru (MAILRq.L: Quote) said shareholders had launched a sale
of a 6.65 percent stake, five months after its London listing.

Mail.ru’s shares were down 8.44 percent by 1348 GMT on
Wednesday, diving below the sale price which was set at $32.50.

Shares in the Facebook investor were sold in the London
listing in November at the top of a $23.7-$27.70 range.
[ID:nLDE6A31SA]

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