REG-VK Company VK to acquire 100% of Delivery Club and exit the O2O Holding joint venture

VKAnnouncement

23/08/2022 08:15

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   VK Company (VKCO)
   VK to acquire 100% of Delivery Club and exit the O2O Holding joint venture

   23-Aug-2022 / 10:00 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   VK to acquire 100% of Delivery Club and exit the O2O Holding joint venture

    

   August 23, 2022. VK announces the signing of binding documents under which
   the company  will receive  100%  of the  restaurant and  grocery  delivery
   service Delivery Club and exit the O2O Holding joint venture.

    

   The deal is expected to close before the end of 2022, pending the  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 the future, VK plans to transfer  its entire stake in Delivery Club  to
   Yandex as part of the deal to acquire Zen and News content platforms.  

    

   For further information please contact

    

   VK PR team

    1 pr@vk.team

    

   VK Investor relations team

    2 ir@vk.company

    

   Sber PR team

    3 media@sberbank.ru

    

    

   VK is one of the largest technology companies in Russia. Its products help
   millions of people with  their day-to-day needs online.  More than 90%  of
   the Russian internet audience use VK services, which enable people to keep
   in touch, play video games, master new skills, listen to music, watch  and
   create video content,  buy and offer  goods and services,  order food  and
   grocery delivery  and  fulfill wide  range  of other  needs.  The  company
   provides a number  of solutions  for digitizing  business processes,  from
   online promotion and  predictive analytics to  corporate social  networks,
   cloud services and enterprise automation.

    

    

   PJSC Sberbank  is Russia’s  largest bank  and a  leading global  financial
   institution. Holding almost one-third of aggregate Russian banking  sector
   assets, Sberbank is the key lender to the national economy and one of  the
   biggest deposit takers in Russia. The Government of the Russian Federation
   represented by the Ministry  of Finance of the  Russian Federation is  the
   principal shareholder of PJSC Sberbank owning 50% plus one voting share of
   the bank’s authorized  capital, with  the remaining 50%  minus one  voting
   share held by domestic and international  investors. The bank has a  major
   distribution network  in  Russia  with about  14,000  branches.  It  holds
   general banking license  No. 1481 dd.  August 11, 2015,  from the Bank  of
   Russia. Official websites of the bank:  4 www.sberbank.com (Sberbank Group
   website),  5 www.sberbank.ru.

    

    

    

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   ISIN:          US5603172082
   Category Code: ACQ
   TIDM:          VKCO
   LEI Code:      2138009IXUP41SPL5B50
   Sequence No.:  183011
   EQS News ID:   1425593


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pr@vk.team
   2. mailto:ir@vk.company
   3. mailto:media@sberbank.ru
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3e4e083fcc465f2d5e11107e786437d1&application_id=1425593&site_id=reuters8&application_name=news
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5108f67d20e53a8c0b9305309cf36750&application_id=1425593&site_id=reuters8&application_name=news


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