Russian tech firm VK exits JV with major lender Sberbank

VK

23/08/2022 08:01

MOSCOW, Aug 23 (Reuters) - Russian tech firm VK  VKCOq.L  on
Tuesday said it had exited its O2O Holding joint venture with
dominant lender Sberbank  SBER.MM , taking full control of food
delivery service Delivery Club. 
    "The deal is expected to close before the end of 2022,
pending the receipt of a number of regulatory approvals," Yandex
said in a statement. "Following deal closure, VK and Sber are to
remain strategic partners and will continue to cooperate in
various areas."

 (Reporting by Reuters)