Yandex and Sberbank jointly develop the payment system “Yandex.Money,” as well as the aggregator of goods and services “Yandex.Market.” Now Yandex is considering options for restructuring its ownership in joint ventures with Sberbank, reports “Interfax” with reference to the press service of the company.
“Yandex”, as reported by informants the Bell, may redeem the Bank’s share in”Yandex.A market”. The service now includes the marketplace “Take” from Sberbank. How much you need to pay for a share, the sources are not reported. The Bank has invested in “Yandex.Market” 30 billion.
In April 2020, analysts at Sberbank CIB and UBS estimated the whole company at 90-96 billion rubles, according to The Bell. If the restructuring happens, “Yandex” will remain the sole shareholder of Market, excluding shares owned by company management, and will develop this business on their own, the newspaper reports.
as for the payment system “Yandex.Money”, the project can fully be transferred to Sberbank, which now has 75% share in the service. After the sale of the remaining shares of “Yandex” will be able to develop other initiatives in vintage what the search engine could not do before in terms of the agreement with Sberbankom.
According to The Bell, Yandex is preparing to sell 5% of its shares of class A who could buy the company Millhouse, billionaire Roman Abramovich and the state Bank VTB. Money is required not only to purchase the shares of Sberbank in the “Yandex.Market”, but also on the further development of the ecosystem.
Rumors that Yandex and Sberbank intend to dissolve the partnership, coming in 2018. In July last year, The Financial Times, citing sources informed about the differences of Sberbank and “Yandex” about control in SP the basis of “Yandex.Market”. The company sources reported, discussed changes in the structure of ownership. However, the parties have repeatedly denied this information.