Sberbank inks non-binding deal to buy stake in Mail.rus co-holder - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Sberbank inks non-binding deal to buy stake in Mail.rus co-holder

MOSCOW, Oct 29 (PRIME) -- Russias biggest bank Sberbank has signed a non-binding agreement to buy a minority stake in MF Technologies (MFT), a shareholder of Internet company Mail.ru Group, from Gazprombank, and a binding agreement can be signed by the end of 2019 upon receipt of all permits, Sberbank said on Tuesday in a statement.

Sberbank sees considerable potential in the online-to-offline platform its creating together with Mail.ru Group to work in food delivery, the restaurant business, transportation, and a number of other areas, the bank said.

The bank shares and supports the strategy pursued by Mail.ru Group, which focuses on technology leadership, a wider range of high-quality services meeting clients everyday needs, and greater customer experience. Two mutually reinforcing ecosystems working together to maximize their synergy should create new opportunities for clients.

MFT owns 5.23% in Mail.ru, or 58.87% of votes. Gazprombank has 35% in MFT, which is also co-owned by mobile operator MegaFon, industrial corporation Rostec, and USM.

South Africas Naspers owns 27.6%, or 12.3% of votes in Mail.ru, Chinas Tencent has 7.4%, or 3.3% of votes, and Chinas Alibaba Group has 10%, or 4.5% of votes.

End

29.10.2019 11:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 68.7775 +0.4851 28 jan
USD 62.3380 +0.5349 28 jan
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1548.42 -3.21 16:31 27 jan
micex 3081.92 -2.04 16:31 27 jan
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 230.60 -3.09 16:15 27 jan
lkoh 6515.50 -1.58 16:15 27 jan
rosn 468.70 -1.12 16:15 27 jan
sber 256.44 -3.41 16:15 27 jan
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 69.0000 +0.8650 14:59 27 jan
USDTD 62.6575 +0.8375 16:13 27 jan