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Sberbank and Group will Create a Joint Venture
15.08.2019 00:52
Sberbank and Group will Create a Joint Venture

Sberbank and Group have signed an agreement of intent that provides for the creation of a joint venture (JV). The company will be created on the basis of DeliveryClub and Citimobil; the parties plan that it will become the “leading Russian platform” for online-to-offline services in the field of food and transportation.

      The Sberbank and Group (MGP) are going to sign a binding agreement this autumn, after the corporate management agencies give permission for this, etc. The parties will have equal shares in the joint venture - 50% each.

      Read More Articles about Russian Economy and Business

Author: Anna Dorozhkina

Tags: Russian business Russian companies    

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