Announced
Financials
Tags
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
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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