VK announces the signing of binding documents under which the company will receive 100% of the restaurant and grocery delivery service Delivery Club and exit the O2O Holding joint venture.

The deal is expected to close before the end of 2022, pending the receipt of a number of regulatory approvals. Following deal closure, VK and Sber are to remain strategic partners and will continue to cooperate in various areas.

In the future, VK plans to transfer its entire stake in Delivery Club to Yandex as part of the deal to acquire Zen and News content platforms.