The Russian oligarch wanted their Alibaba to deal with Sberbank

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Alisher, Usmanova: Sergey Guneev / RIA Novosti

MegaFon, Gazprombank, rostec and USM Holdings of businessman Alisher Usmanov will create a joint company “MT technology” (MFT) for projects in the field of digital economy. About it writes “Kommersant” with reference to sources.

MegaFon will contribute to the company’s 5.2% economic and 58.9 per cent voting stake in the Internet holding Mail.ru Group and get the deal of 247.5 million dollars. The partners intend to develop banking products and financial digital platform, hoping to compete with the joint venture “Yandex.Market” and Sberbank.

All the ITF in the course of the transaction is estimated at $ 450 million. Gazprombank will pay 157.5 million, rostec — 49.5 million dollars, USM — 40.5 million dollars.

In “assistance” confirmed the participation in the transaction. “One of the areas of our work — direct and portfolio investment together with private partners in promising high-tech projects, where can be used including our expertise in the development and implementation of digital technologies”,— said the interlocutor of the edition.

In December 2017 Sberbank and “Yandex” has signed a binding agreement to establish a joint venture on the basis of “Yandex.Market”. The intention to start a joint project, the company announced in August 2017.

Video, photo All from Russia.

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