VTB will acquire stakes in all of Wildberries' fintech assets — the bank will conduct a 540 billion ruble secondary share offering for the partnership

▤ Summary

VTB plans to acquire minority stakes in all of Wildberries’ fintech and digital assets, not just WB Bank. The bank intends to fund the deal with a large share issuance that could raise more than 547 billion rubles. VTB wants access to Wildberries’ 80 million active customers and expects the partnership to boost future profits. Wildberries will gain access to VTB’s banking infrastructure, including branches, ATMs, and investment and mortgage services. The deal also gives both sides a way to expand financial product distribution through their combined ecosystems.

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