VTB to acquire 5% stake in Wildberries-owned WB Bank
VTB, Russia's second-largest lender, will buy a 5% stake in WB Bank from Wildberries. The firms plan a partnership, though VTB declined to comment on the matter.
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VTB will acquire a 5% stake in WB Bank, the financial arm of Russia’s largest online retailer Wildberries. This transaction establishes a strategic partnership between the nation's second-largest lender and its dominant e-commerce platform. For investors, the move signals deeper integration between Russian retail ecosystems and state-backed banking infrastructure.
