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2 December 2021

DLA Piper advises Sber on acquisition of Russian online service for refueling cars at gas stations FuelUp

DLA Piper has advised Sber, Russia’s largest financial services company, on the acquisition of a 100% stake in FuelUp, a Russian online service for refueling cars at gas stations.

Using FuelUp’s capabilities, Sber intends to develop its own fuel platform for corporate and individual clients, which will be fully integrated into Sber’s digital ecosystem. The new fuel platform will improve existing and create new online and offline services for refueling at gas stations and will provide Sber’s partners in the retail fuel market with tools to attract customers and improve the customer experience.

DLA Piper provided full legal support for the transaction. The firm’s Corporate team was led by Moscow-based partner and global co-chair of Emerging Growth and Venture Capital, Leo Batalov, assisted by legal director Andrei Sheetkin, associate Alexandra Braterskaya and paralegal Alexandra Khvorostyanova.