Sberbank: Sberbank has decided to accept Yandex's offer regarding sale of Yandex.Market stake and will consolidate 100% of shares in Yandex.Money
Retrieved on:
Tuesday, June 23, 2020
The aggregate profit of the deal for Sberbank is expected to reach around RUB20 bn, with the final figure to be determined at the closing of the transaction.
Key Points:
- The aggregate profit of the deal for Sberbank is expected to reach around RUB20 bn, with the final figure to be determined at the closing of the transaction.
- On top of that, Sberbank is buying Yandex's shareholding stake (25% + RUB1) in Yandex.Money and will rebrand the latter until the end of 2020.
- The final price will depend on the US dollar exchange rate ahead of the deal's closing and its date.
- The daily audience of Beru now exceeds one million people and its monthly turnover is already nearing RUB4 bn.