Sberbank has decided not to break with “by Yandex”


www.vsyako.netPhoto: Pavel Lisitsyn / RIA Novosti

Sberbank does not intend to break the partnership with “Yandex” announced the head of the Bank Herman Gref. According to him, there are no reasons, reports RIA Novosti.

“We have very good relations. We partner on a number of projects, very large projects. What is the point in the breakup?” he wanted to know.

Earlier it was confirmed by the first Deputy Chairman of Sberbank Lev Khasis. In the comments on Facebook about a possible breakup he called rumors.

These statements were made the field of publication The Bell. In early July the edition with reference to sources reported that the company can sever relations because of the context of their partnership in online retail. Two of the five interviewees said that Sberbank and “Yandex” for a year to discuss “the terms of the divorce”.

The publication listed several possible causes of the conflict. In particular, it was about the fact that the company allegedly failed to agree how to build the development of a joint product: the savings Bank wanted more control in operating activities, and “Yandex” were opposed. The source also mentioned the dissatisfaction of the savings Bank of the fact that marketplace “Take” is not fulfilled in the first year KPIs.

Sberbank and “Yandex” has established a joint venture on the basis of “Yandex. Market” in 2018, within which operates several projects, including the marketplace “Take”. At the close of the transaction, the company was estimated at 60 billion rubles, the company owns a 45 percent stake, the remaining 10 were reserved for stock options for managers. Gref said that the parties intend to build a “Russian Amazon”.

Video, photo All from Russia.


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