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Sberbank, Mail.Ru discuss possible IPO for online food, taxi venture

Published 19/11/2019, 10:04
Sberbank, Mail.Ru discuss possible IPO for online food, taxi venture
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MOSCOW (Reuters) - Sberbank (MM:SBER) and internet company Mail.Ru (L:MAILRq) have discussed the possibility of holding an initial public offering for their joint food and taxi platform, the Russian state lender said on Tuesday.

Sberbank will not own a controlling stake in the joint venture, Sberbank said. It added that Mail.Ru's board of directors will have a Sberbank representative on it.

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