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Announced

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

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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