Mail.rugrp S (LSE:MAIL)
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6 Months : From Aug 2019 to Feb 2020
By Adriano Marchese
Mail.ru Group Ltd. (MAIL.LN) said Tuesday that it has signed the final documents to create an online-to-offline services platform with Sberbank Rossia (SBER.MZ).
The Russian internet company, said the partners will invest up to 64.6 billion rubles ($1.01 billion) and hold an equal stake in the food-and-transportation-focused joint venture.
In the future, the company said the JV will consider the possibility of bringing in additional investors to encourage further development of the platform.
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(END) Dow Jones Newswires
November 19, 2019 03:21 ET (08:21 GMT)
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