By Andrei Skvarsky.
Sberbank, Russia’s biggest lender, has signed a deal to buy out goods.ru (Marketplace), a Russian e-commerce company selling a wide range of consumer goods, among them electronics, car accessories, furniture, toys and medicines.
Sberbank is going to acquire an 85 per cent stake in goods.ru by buying part of Russian electronics retailer M.Video-Eldorado’s stake in the company under the terms of the legally binding deal, which is due to be closed in the second quarter of 2021, Sberbank said in a statement.
M.Video-Eldorado’s interest would shrink to 10 per cent. The other 5 per cent would be owned by Alexander Tynkovan, founder of M.Video and goods.ru.
Sberbank has also pledged to invest in the development of goods.ru.
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