Sberbank and Gett Announce the Signing of a Seven-Year $100-Million Loan Facility to Fund Gett's Further Expansion

November 30, 2016, Moscow – Sberbank recently announced the signing of a $100 million seven-year venture loan agreement for Gett (formerly GetTaxi), a rapidly-growing global on-demand mobility company with a presence in Russia, the US, the UK and Israel. The funds will be used to finance Gett’s continued business expansion. Furthermore, Sberbank will hold options linked to Gett stock. The transaction was organized by the Merchant Banking and Advisory Department of Sberbank CIB, the corporate and investment banking business of Sberbank, via its investment vehicle, Sberbank Investments LLC (a 100% subsidiary of PAO Sberbank).

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