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New Deal


Announced

Gazprombank to acquire a 36% stake in MF Technologies and Mail.ru from Sberbank for $176m.

Financials

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Transaction Value£131m
Consideration TypeCash
Capital Owned-
Capital Bid For36%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Minority

Pending

telecommunication services

Telecommunications Services: Other

Russian Federation

Acquisition

Friendly

Single Bidder

online games

email service

instant messaging networks

social networking websites

internet access services

Online and Social Platforms

Synopsis

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Gazprombank, a private banking firm, agreed to acquire a 36% stake in software and telecommunication companies MF Technologies and Mail.ru from Sberbank, a state-owned Russian banking and financial services company, for $176m. "The purchase of MF Technologies will allow Gazprom Group to gain significant synergy associated with the ability to combine digital and traditional services and products, and will contribute to business development in its own industry segments," Gazprombank.

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