Wildberries Eyes Stake in Rosgosstrakh from VTB
Wildberries may acquire a stake in insurance company Rosgosstrakh, a non-core asset VTB is selling. Market participants estimate the deal could be worth 50–70 billion rubles.
VTBR
Wildberries, the Russian e-commerce giant, is reportedly considering entering the capital of Rosgosstrakh, one of the non-core assets VTB is looking to divest. According to Kommersant, the deal could value the insurer at 50–70 billion rubles.
The potential move would mark another step in strengthening the partnership between Wildberries' joint venture RWB and VTB. The sale of Rosgosstrakh is part of VTB's broader strategy to offload non-core holdings.
Source: MarketTwits