Sberbank plans to increase its stake in Rambler Group

Sberbank is negotiating with Alexander Mamut to reduce its stake in Rambler Group. According to sources close to the parties to the negotiations, the issue of redistribution of shares arose against the background of proceedings with Nginx.

The share structure of Alexander Mamut in the joint venture could fall from 46.5% to 40%, and Sberbank to move control over the group (now the Bank also owns 46.5%). Savings Bank assesses whether the action against Nginx can not be considered as corresponding to one of the conditions of the agreement on joining the bank in the capital of Rambler.

In April 2019, Sberbank announced an investment in the capital of Rambler Group in exchange for a 46.5% holding. As part of the agreement, the companies have entered into an operational partnership, which implies the inclusion of the ecosystem of the bank holding the products. After completion of the transaction , Sberbank received online cinema Okko, Lenta.ru, Gazeta.ru, Afisha.ru, Championat.com , Rambler.ru, LiveJournal.com, service Rambler.Kassa and cinema "Art".

Recall that in December last year, Nginx's Moscow office were searched . Criminal proceedings were instituted at the request of Lynwood Investments. It concerned claims Rambler Group, which announced their exclusive rights to the software Nginx software. It Lynwood conceded Rambler structure of any claims.

These events have caused a great resonance among market participants. Circulation Director Yandex Gregory Bakunov technology has made an official statement that reflects Yandex position on the persecution of the open source code. The company Mail.ru Group and VKontakte also made in Nginx support the assertion that open source technology must be free.

In April Rambler terminated the contract with Lynwood and asked to stop the criminal case against Nginx. At the same time Lynwood retained the right to prove the infliction of damages and compensation in the case on his own behalf. At the same time it was reported that it would continue the proceedings with Nginx.

Source: РБК
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