By Andrei Skvarsky.
Sberbank, Russia’s largest bank, has signed a preliminary non-binding deal to buy a minority stake in Russian digital projects specialist MF Tekhnologii (MFT) from Gazprombank, another major Russian lender.
MFT is a joint venture set up in June 2018 by Gazprombank, oligarch Alisher Usmanov’s USM Holdings, Russian mobile phone operator Megafon, and RT-Business Development, a subsidiary of Russian state conglomerate Rostec.
According to RT-Business Development’s website, MFT’s priorities include “development of a digital platform, design of software for the digitisation of large enterprises, and support for and investment in technology companies that operate in fast-growing civilian markets”.
Sberbank and Gazprombank plan to sign a binding agreement on the transfer of the MFT stake before the end of 2019, Sberbank said in a statement.
Sorry, comments are closed for this post.