Announced
Financials
Tags
Pending
Majority
payment solutions
Joint Venture
Russian Federation
Cross Border
Friendly
Payments / Commerce
Single Bidder
Acquisition
Private
Private Equity
Synopsis
The Russian Direct Investment Fund, Mail.ru Group, USM, MegaFon and Ant Group agreed to form joint ventures in payments and financial services. Financial terms were not disclosed. The deals are expected to close in 2021 after satisfying a number of conditions including third party approvals. Upon completion, Russian shareholders will own the majority stakes in both the PJV and FSJV.
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