According to RBC, the ready-to-eat food delivery service Local Kitchen can be sold. The service is controlled by O2O Holding (a joint venture of Sberbank and VK Group). The two companies are considering several potential buyers. The co-founders of the service also negotiated its sale to Yandex.
RBC sources claim that O2O Holding can completely close Local Kitchen due to the optimization of business areas. VK Group and Sberbank declined to comment on the issue.
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Sberbank and VK Group each own 45% of O2O Holding. According to Sber, Local Kitchen receives about 25,000 orders a day. About 50 outlets are open in Moscow.
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