Media: Russia's Sberbank and Yandex may buy part of O'Key chain - Kommersant

O'Key SA

23/04/2019 09:50

MOSCOW, April 23 (Reuters) - 
    * Russia's largest lender Sberbank  SBER.MM  may provide
financing
for its joint venture with internet group Yandex  YNDX.O  to buy
a part of food retailer O'Key  OKEYq.L  for $465 million,
Kommersant newspaper reported on Tuesday.
    * Kommersant cited two investment industry sources, with one
saying that Sberbank was still evaluating its options in merging
assets.
    * Sberbank and Yandex completed the joint venture about a
year
ago, according to the newspaper.
    * Sberbank Chief Executive Officer German Gref said earlier
in
April that the bank was in talks to provide financing for a deal
involving O'Key, but it did not plan to buy it. ID:nR4N21Q02M 

    

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 (Reporting by the Moscow newsroom, editing by Louise Heavens)
 ((moscow.newsroom@thomsonreuters.com; +7 495 775 12 42))