MOSCOW, RUSSIA: Sberbank has closed a deal to sell parent company Eurocement Group’s shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organized on the Russian Action house’s electronic platform. The transaction was valued at RUB 161 billion. The deal will have a positive impact on the…
MOSCOW: Sistema PJSFC has agreed with PJSC Sberbank to open a RUB 10 billion framework credit line, with the option to tie the interest rate on each loan to sustainability performance (Sustainability Improvement Loan). By entering this agreement, Sistema has committed to adopting its Environmental Policy and integrating responsible investment principles into its investment process….
MOSCOW: The O2O joint venture between Mail.ru Group and Sberbank focused on transportation and food has been provided with an additional RUB12bn of capital from Mail.ru Group and Sberbank on a pari passu basis. The management of the O2O JV is confident about the prospects of not only restaurant delivery, but also egrocery, dark kitchens…
MOSCOW: Sberbank and Mail.ru Group have agreed on strategic cooperation and signed binding paperwork to partner in mobility and food-tech. Sberbank has also signed binding documents to acquire a 36% shareholding in MF Technologies. The parties are set to leverage their expertise to boost the development of digital economy and AI-powered products in Russia. The…
MOSCOW – Sberbank and Mail.ru Group plan to create a leading Russian O2O (online-to-offline) services platform focused on major consumer markets, the key areas of food and transportation. Sberbank and Mail.ru Group plan to invest up to RUB 64 billion in the JV on the condition that key performance indicators are achieved over the 12-month…