July 16, 2019, 14:49 / Finance / News

Gref denied reports about the termination of the partnership between Sberbank and Yandex

Chairman of the Board of Sberbank German Gref denied information about the severance of the partnership between the bank and Yandex. According to him, there are “no grounds for this,” reports . RIA Novosti

“We have very good partnership relations, we are partners in a number of projects, very large projects. What's the point in ending a relationship? – Gref noted. He added that the bank has “exceptionally good and respectful relations” with Yandex. He expressed hope that the parties will always cooperate.

Earlier, The Bell, citing sources, reported that Sberbank was dissatisfied with the results of work in joint projects with Yandex.Market . According to the publication, the parties are discussing options for “divorce . ” In Yandex.Market , the bank owns 45% of the capital - it bought them for 30 billion rubles. in the spring of 2018. Kommersant’s interlocutors also heard about the disagreements between the partners.

Some publication sources linked Sberbank’s dissatisfaction with the fact that things in the joint venture are not going as expected. According to other interlocutors, the conflict may be related to recent changes in the top managers of the joint venture, as well as the lack of a strong leader in the project. Another source said that the bank was not happy that the Beru marketplace did not meet the KPIs set for the first year. First Deputy Chairman of the Board of Sberbank Lev Khasis, commenting on the publications, said that information about dissatisfaction with the work of the joint venture “is an absolute fiction.” Yandex “other people’s rumors did not comment on ,” emphasizing that it is in constant dialogue with partners.