December 14, 2017 / 4:01 PM / 7 months ago

Sberbank CFO says previous talks with Alibaba finished

LONDON (Reuters) - Russian lender Sberbank’s talks with Chinese e-commerce giant Alibaba have finished in their current form, the bank’s Chief Financial Officer Alexander Morozov said on Thursday.

FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo

The comments confirmed an earlier story by the Financial Times.

Morozov added that now that a deal with internet giant Yandex has been signed, the country’s biggest bank is talking with everyone, including Alibaba, about being another minority partner.

Reporting by Dasha Afanasieva; Editing by Greg Mahlich

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