Name | Symbol | Market | Type |
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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 | |
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0.00 | 0.00% | 0.9011 | 0.00 | 00:00:00 |
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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