August 22, 2019 / 8:16 AM / 4 months ago

Russia's invests in car sharing company YouDrive

MOSCOW, Aug 22 (Reuters) - Russian internet firm Group has bought a controlling stake in car sharing operator YouDrive jointly with investment company Proxima Capital, said in a statement on Thursday. did not disclose the size of the stake or the cost of its investment, but said the deal included YouDrive’s car sharing operations and its taxi rental service.

The investment may be folded into’s joint venture with Russia’s top bank Sberbank for taxi services and food, the company said. (Reporting by Nadezhda Tsydenova Writing by Anna Rzhevkina Editing by Katya Golubkova and David Holmes)

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