Modulbank, a Russian bank operating in 17 Russian cities, including Moscow, and providing online banking services to SMBs, has acquired three small fintech startups for an undisclosed amount. The news was reported by online publication CNews.ru based on an exchange with the head of the bank’s board of directors Andrey Petrov. Unicloud, one of the …
Russia’s Modulbank acquires three fintech startups Read More
MegaFon‘s plan to acquire a majority stake in Mail.Ru Group, Russia’s main Internet group, seems to materialize with Sberbank opening a credit line of 35 billion rubles ($588.62 million at the current exchange rate) until 2024 to help finance the transaction. The bank will also lower interest rates on three existing credit lines amounting to 97.2 billion roubles. The announcement was …
Sberbank offers $588 million loan to help Megafon take control of Mail.ru Group Read More
Last week Luxoft, a NYSE-listed provider of software development services and innovative solutions and a part of Russia’s IBS Group, announced the acquisition of Ukrainian IT service provider IntroPro. The details of the transaction have not been disclosed. Established in 2008, IntroPro is an engineering consultancy that employs development teams in Ukraine to serve essentially clients in North America. Its expertise covers consulting, architectural design, development as well as …
Luxoft acquires Ukrainian software development company IntroPro Read More
Earlier this month GeoPost, a leading player in the European courier, express and parcel market, announced a plan to merge its fully-owned Russian subsidiary DPD Russia with another local service provider, SPSR Express. The French group simultaneously announced a partnership with Italy’s BRT and an acquisition in Brazil. GeoPost expects the Russia deal, which is subject to approval by …
Alexander Mamut is now the sole owner of Rambler&Co, Russia’s fourth Internet group in terms of audience, via his investment vehicle A&NN Investments. Mamut, which held a 50% stake in the group since its formation in 2013, has paid $295 million to Vladimir Potanin to acquire the remaining 50%, exercising an option which was part of the …
Alexander Mamut buys Vladimir Potanin’s stake in Rambler&Co Read More
Russia’s national savings bank Sberbank has announced a “strategic agreement” with Sistema, a major Russian conglomerate, and Sistema_VC, the venture arm of Sistema, in the fields of advertising technology and Big Data monetization. Under the agreement, Sistema_VC is to acquire a 50% stake in Sberbank’s subsidiary Segmento for an undisclosed amount. Sistema_VC will also provide Segmento with expertise and …
MegaFon, a leading Russian telecom group, intends acquire a majority stake in Mail.Ru Group, Russia’s main Internet group. The announcement was made today following a meeting of MegaFon’s board of directors. The acquisition plan still needs to be approved by the group’s shareholders, who will meet on Jan. 20, 2017. According to the plan, “MegaFon will acquire 11.5 …
MegaFon announces plan to acquire majority stake in Mail.Ru Group Read More
State technology firm Rostec could be set to merge with one of the Russia’s largest defense contractors, the Kommersant newspaper reported Monday. If the plan goes through, Rostec’s Roseletroniki company would merge with defense companies RTI and Micron, which are owned by the private Sistema conglomerate. The shakeup would allow Rostec and Sistema to claim 80 percent of …
Rostec eyes merger to dominate Russian electronics market Read More
Today Mail.ru Group, a leading, LSE-listed Russian Internet company, announced the acquisition Delivery Club, the number one food delivery company in Russia owned by Rocket Internet’s Foodpanda. The Russian group is acquiring 100% of Delivery Club for $100 million in an all cash transaction, with 90% of the amount to be paid in November and the remaining part …
Mail.ru Group acquires Rocket Internet’s Russian food delivery business for $100 million Read More
Affirming itself as one of the most active startup acquirers among Russian corporations, 1C, a leading enterprise software publisher, has acquired a 51% stake in amoCRM. The news was reported yesterday by online publication VC.RU based on an exchange with amoCRM’s CEO Mikhail Tokovinin. The amount and the terms of the transaction have not been disclosed. Tokovinin …
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This summer, Russian online ticket service Kassir.ru acquired its two counterparts — Belarusian Kvitki.by and Lithuanian Bilietai.lt — from Lithuanian BLT group, Delovoy Peterburg reported last week. The transaction amounted to €5.5 million, according to the Russian newspaper. Based in Saint Petersburg, Kassir.ru is part of the PMI media holding, which is controlled by Russian billionaire Eugene Finkelstein. …
Russian online ticket service expands to Belarus and Lithuania Read More
Yesterday Mail.ru Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic. The LSE-listed group has acquired 100% of the company for $30 million in cash, including $20 million upfront and $10 million deferred and based on performance indicators. Gaming is one of the key activities of the group, whose …
Mail.ru Group acquires mobile game firm Pixonic for $30 million Read More
