Debevoise Advises Sberbank on Acquisition of 75% Stake in 2GIS

Debevoise Advises Sberbank on Acquisition of 75% Stake in 2GIS

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Debevoise & Plimpton has advised Sberbank on the acquisition of a 75% stake in 2GIS, an international digital maps and city guides company that provides "geo-information and hyperlocal services" to about 50 million users.

According to Debevoise & Plimpton, "As a result of the transaction, the share of Sberbank will be 72%, while the share of O2O Holding LLC, a food tech and mobility JV between Sberbank and will be 3%. The founders and management of 2GIS will retain a 25% stake in the company. Sberbank’s integration with 2GIS will accelerate the development of various areas of Sberbank’s business and ecosystem, as well as joint ventures of Sberbank and Group, such as Citimobil, Delivery Club, SberFood, Samokat, etc. In addition, 2GIS’s services will be integrated with banking applications for individuals and corporate clients."

Debevoise's team was led by Partner Alyona Kucher and included International Counsels Anna Maximenko and Evgeny Samoylov and Associates Vadim Kolomnikov, Nikolay Kiselev, Elena Klutchareva, Charles Low, Daria Serebrova, Olga Panfilova, Anastasia Magid, and Alexey Khnalkov.

Debevoise & Plimpton did not reply to our inquiry on the matter.