Dmitry Pyanov, First Deputy CEO of VTB, confirmed to reporters that the timeline for the transaction is holding steady. The deal focuses specifically on securing a minority interest in WB-Bank and the retailer's associated financial technology assets.
VTB Confirms Timeline for Wildberries Fintech Stake Despite Drone Raids
Despite recent Ukrainian drone strikes targeting warehouse infrastructure across Russia, VTB’s acquisition of a minority stake in Wildberries' financial division remains on schedule. The banking giant intends to finalize the integration of these fintech assets by the end of next month, signaling no shift in its broader strategic partnership.
While physical logistics hubs belonging to the online retail giant have faced repeated drone attacks, the financial arm of the company appears insulated from the operational disruption. VTB intends to complete the purchase of these assets throughout September, moving forward with its plan to expand its footprint in the digital retail banking sector.
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