You're reading: Reuters: Russia’s Sberbank to buy stake in Mail.ru to expand in digital economy

Reuters: Russia’s Sberbank to buy stake in Mail.ru to expand in digital economy

By Reuters.
The stand of Russia's state-owned Sberbank at the Saint Petersburg International Economic Forum on May 24, 2018 in Saint Petersburg.
Photo by AFP

Sberbank (SBER.MM) has agreed to buy Gazprombank’s (GZPRI.MM) holding stake in internet company Mail.ru (MAILRq.L) as Russia’s largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company.

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