Bloomberg Law
June 3, 2020, 9:40 AM UTC

Yandex, Sberbank Look at Splitting E-Commerce, Fintech Projects

Ilya Khrennikov
Ilya Khrennikov
Bloomberg News
Anna Baraulina
Anna Baraulina
Bloomberg News

Leading Russian technology company Yandex NV and the country’s largest lender <-rte-company state="{"_id":"00000172-7a5c-dd0a-aff2-fa5d94240001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Sberbank PJSC are in talks about restructuring the ownership of their e-commerce and fintech joint ventures, signaling the possible end to their strained relationship.

The companies separately said they’re in talks but declined to elaborate on how they plan to split their e-commerce and payment system ventures. Yandex may buy Sberbank’s 45% stake Yandex.Market and the bank would buy the 25% it doesn’t own in Yandex.Money, The Bell reported Tuesday, citing unidentified people.

“The deal would just return Sberbank’s money plus some premium as the asset has grown over ...

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