Mail.ru and Sberbank Form New Services Platform
19 Novembre 2019 - 9:36AM
Dow Jones News
By Adriano Marchese
Mail.ru Group Ltd. (MAIL.LN) said Tuesday that it has signed the
final documents to create an online-to-offline services platform
with Sberbank Rossia (SBER.MZ).
The Russian internet company, said the partners will invest up
to 64.6 billion rubles ($1.01 billion) and hold an equal stake in
the food-and-transportation-focused joint venture.
In the future, the company said the JV will consider the
possibility of bringing in additional investors to encourage
further development of the platform.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 19, 2019 03:21 ET (08:21 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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