Brief: Russia's VK Acquires Full Stake Of Delivery Club, Prepares To Sell It To Yandex

VK

23/08/2022 08:23

Aug 23 (Reuters) - Russia's VK company  VKCOq.L  says: 
    * ACQUIRES 100% OF DELIVERY CLUB AND EXIT THE O2O HOLDING
JOINT
VENTURE WITH SBER
    * DEAL IS EXPECTED TO CLOSE BEFORE END OF 2022, PENDING
RECEIPT OF
A NUMBER OF REGULATORY APPROVALS
    * FOLLOWING DEAL CLOSURE, VK AND SBER ARE TO REMAIN
STRATEGIC
PARTNERS AND WILL CONTINUE TO COOPERATE IN VARIOUS AREAS
    * IN FUTURE, VK PLANS TO TRANSFER ITS ENTIRE STAKE IN
DELIVERY
CLUB TO YANDEX AS PART OF DEAL TO ACQUIRE ZEN AND NEWS CONTENT
PLATFORMS

Source text for Eikon:  ID:nEQ7RQ3Vda 
Further company coverage:  VKCOq.L 

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