Page 26 - bne_newspaper_April_5_2019

bne Tech
April 5, 2019 www.intellinews.com I Page 26
Russia's Sberbank acquires Rabota.ru recruitment service
Russia's largest bank Sberbank acquired 100% in Russia's third largest online recruitment service Rabota.ru for an undisclosed amount. According to sources of Vedomosti daily, the deal stood at RUB500mn-RUB1bn ($8mn-$15mn).
Rabota.ru was founded in 2002 and is part of
the RDV-Media group that controls other media with classifieds. The website is third largest after HeadHunter and Superjob with over 0.2mn vacan- cies, 10mn applicants registered, and a monthly audience of 4mn people.
Sberbank plans to develop Rabota.ru into a large player by modernising the service, the bank com- mented on the acquisition. In 2018 the classifieds
Russia's Sberbank paid between RUB500mn and RUB1bn for the leading recruitment site Rabota.ru
market grew by 28% to RUB10.3bn, according to J'Son & Partners estimates cited by Vedomo- sti daily.
Other non-profile investment of Sberbank recently include Yandex.Market, DocDoc, Sberbank Telcom and others.
The bank is on the forefront of digital transformation of Russian economy and keeps a stable rollout
of digital and online innovations and products. German Gref in 2018 said that Sberbank could in the future drop the "bank" from the name while transforming itself into the Sber ecosystem that covers all basic need of both the corporate and private clients.