Announced

VTB to acquire a 15% stake in Delimobil for $75m.

Synopsis

VTB, a Russian second-largest lender, agreed to acquire a 15% stake in Delimobil, a car-sharing provider, for $75m. "VTB Group has supported our business through various financial products for more than two years. This investment is a major step forward in our mutually beneficial cooperation aiming to support our strategic goal to maintain and further develop our position as one of the leaders in the Russian carsharing market. Delimobil demonstrates a powerful combination of tech growth, an operating model in fleet management that pursues the highest global standards and robust financial performance. Delimobil’s brand recognition is a good sign that we meet our customers’ needs and will continue to build on this success,” Vincenzo Trani, Delimobil Founder and President.

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