Sberbank and Mail.ru will Create a Joint Venture
OREANDA-NEWS. Sberbank and Mail.ru Group will create a Russian O2O services platform (online-to-offline) in the field of food and transport, according to a joint release posted on the London Stock Exchange2.
Head of Sberbank German Gref called the deal with Mail.Ru Group an important step in building the bank's ecosystem. Its development is supervised by the SberX division.
According to the words of the Chairman of the Board of Sberbank, German Gref, the bank enters the most dynamic markets of the country. Mail.ru Group is confident that this key step in building a business will have a significant impact on Russia's digital economy.
Earlier it was reported that in 2017, Sberbank and Yandex planned to create a joint venture at the Yandex.Market site. Sberbank noted that they did not see a conflict of interest in partnership with Yandex.
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