Sberbank, M.Video-Eldorado Group and Alexander Tynkovan, the founder of the marketplace Goods.ru, have closed a deal in which Russia’s largest savings bank acquired an 85% stake in Goods.ru, Firrma.ru reported. M.Video-Eldorado Group has reportedly retained their 10% stake, and Mr. Tynkovan keeps his 5%.

A spokesman for Sberbank was quoted as saying the bank had plans to invest a total of $395m over the next few years in Goods.ru development.

In the next three years, Sberbank intends to step up sizable investment in non-banking businesses, primarily in cutting-edge logistics. With a purported $4-4.6bn in planned investment under its belt the bank is eyeing the creation of a network of large logistics hubs in each of Russia’s big cities or at least one hub in two adjacent regions. That would make deliveries to big and small localities faster, thus complementing networks that have already been created in Russia.