Sberbank CIB will give Gett a loan for $ 100 million and become its co-owner

The taxi service has planned an active expansion.
Order a taxi service Gett (previously Gettaxi) agreed with "Sberbank CIB" of financing: Bank loan will provide the service and receive a minority stake in Gett, told "Vedomosti" three sources close to the opposite sides of the negotiations. The loan amount - $ 100 million, the two know the interlocutor of "Sheets". According to one of them, the transaction also provides an option to increase the proportion of "Sberbank CIB».

Representatives Gett and "Sberbank CIB», as well as vice president of EMEA Gett Maxim Reds declined to comment. Contact Gett founder, the Israeli entrepreneur Shahar Weisser failed.

Earlier that Sberbank is negotiating an investment in the form of a loan and receive a small share in Gett, told RBC, without specifying details.

In early September 2016 the representative Gett told "Vedomosti" that the same amount - $ 100 million - the service is going to invest in the development of the Russian market in the autumn of 2016 to the end of 2017 It is about a fifth of all funds are attracted for Gett in recent years: a few steps investors have invested in service $ 520 million last investment was from the Volkswagen group (VW):. in May 2016 it announced that it will invest in a company $ 300 million Then, in particular, stated that the cooperation will help Gett expand. presence in Europe, with the exception of London where the service has not yet been presented. Gett Entering the market in Germany is scheduled for the first half of 2017, it reported the VW, is also expected to service development and in other countries.

Scheduled for next year of $ 100 million in Russia, as previously told "Vedomosti" representative of the local Gett, planned to spend on the service access to the new Russian cities. By the end of this year Gett start working in all cities of over one million in Russia, as well as in a number of cities where the inhabitants of less than 1 million.

Sberbank has the experience of investment in such projects: in July 2016 of its venture fund SBT Venture Fund I invested in a competitor Gett, service Uber; the amount and terms of the transaction were not disclosed. General Manager «Uber Russia" Dmitry Izmailov noted at the time that the investment by the Savings Bank will help the company grow.