Everything will be sold: if Yandex and Sberbank will create “Russian Amazon”
That’s so the Head of Sberbank, German Gref defines the co-project of the biggest bank and IT-company in Russia. The deal announced just a short time ago. What are perspectives of the global marketplace by Sberbank and Yandex?
Sberbank will invest 30 bln. RUR in the common mega-project, Yandex going to invest by incorporation to the joint venture by the company Yandex.Market. At the end of the deal the new company will become conditionally independent: both mother companies will have minority shareholding stakes, and 10% will be transferred for employee motivation. Partners estimated the value of the new enterprise as the 60 bln. RUR, approximately 1 bln. USD by current currency exchange.
Full text on the:
https://www.bfm.ru/news/383588
Sberbank will invest 30 bln. RUR in the common mega-project, Yandex going to invest by incorporation to the joint venture by the company Yandex.Market. At the end of the deal the new company will become conditionally independent: both mother companies will have minority shareholding stakes, and 10% will be transferred for employee motivation. Partners estimated the value of the new enterprise as the 60 bln. RUR, approximately 1 bln. USD by current currency exchange.
Full text on the:
https://www.bfm.ru/news/383588