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MLRYY VK Company Ltd (CE)

0.9011
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Name Symbol Market Type
VK Company Ltd (CE) USOTC:MLRYY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.9011 0.00 00:00:00

Mail.ru and Sberbank Form New Services Platform

19/11/2019 8:36am

Dow Jones News


VK (CE) (USOTC:MLRYY)
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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.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

November 19, 2019 03:21 ET (08:21 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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