November 7, 2019. Moscow, Russia.
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) and
Sberbank of Russia PJSC (ticker symbol: MOEX, LSE, XETRA: SBER)
announced signing agreement on strategic cooperation. The
document was signed by Andrei Kazachenkov, Member of the Management
Board, First Deputy Director General on behalf of RusHydro and
Alexander Vedyakhin, Deputy Chairman of the Executive Board on behalf
of Sberbank.
The scope of agreement, in addition to cooperation
in the field of investment banking, includes cooperation in the field
of distributed databases, software robotization platforms,
cloud-based solutions and artificial intelligence. The
agreement also stipulates cooperation in organizing training programs
in the field of innovative development.
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