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Sberbank, Mail.Ru On Brink of $2Bln Corporate Divorce – FT

The newspaper reports the two sides have asked the Kremlin to weigh in on dividing their $2 billion food delivery and ride hailing joint venture.

CORONAVIRUS RECESSION

Coronavirus Pandemic Rebalances Russia’s Corporate Landscape

Earnings season shows tech companies setting record-high share prices, and closing the gap on Russia’s energy giants.

CORONAVIRUS RECESSION

Profit Slumps Herald More Trouble Ahead for Russia’s Corporate Giants

Russian companies’ first quarter financial results are already showing the impact of the coronavirus. The worst is yet to come.

November Report: Russia’s Tech, Investment and Start-up Deals

EWDN’s monthly report on Russia’s tech and investment scene covers Sberbank’s sprawling ecosystem, Badoo’s megadeal and private fund shake-ups...

HEAVYWEIGHT TIE-UP

Sberbank Finalizes Mail.Ru Partnership

The pair seal a new tie-up which could see Sberbank take a 20% slice of Mail.Ru.

Russians Are Listening to More Heavy Metal, Sad Music — Study

'Tis the season to be emo.

Russia’s Sberbank to Buy Stake in Mail.Ru

Deal worth $170m will further partnership between Russia’s largest bank and one of its top tech firms.

Russia’s Yandex and Mail.Ru Report Strong Growth Despite Ownership Threats

Both companies confirmed they are pressuring the government to water down new caps on foreign ownership.

Mail.ru Group Acquires Carsharing Firm YouDrive as Sberbank Mulls 2GIS Purchase

Mail.ru Group and Sberbank announced their intention to form a joint venture last month.

combining forces

Sberbank and Mail.ru Group to Form New Joint Venture

The food and transport markets are Russia's largest digital consumer sectors.

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