RusHydro and Sberbank signed agreement on strategic cooperation
November 7, 2019. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) and Sberbank of Russia PJSC (ticker symbol: MOEX, LSE, XETRA: SBER) announced signing agreement on strategic cooperation. The document was signed by Andrei Kazachenkov, Member of the Management Board, First Deputy Director General on behalf of RusHydro and Alexander Vedyakhin, Deputy Chairman of the Executive Board on behalf of Sberbank.
The scope of agreement, in addition to cooperation in the field of investment banking, includes cooperation in the field of distributed databases, software robotization platforms, cloud-based solutions and artificial intelligence. The agreement also stipulates cooperation in organizing training programs in the field of innovative development.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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