Finance

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

MOSCOW (Reuters) – Sberbank (MM:SBER) has agreed to buy Gazprombank’s holding stake in internet company Mail.ru (L:MAILRq) as Russia’s largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company. Under the deal Sberbank will buy a 35% stake in MF Technologies, which owns 58.9% of Mail.ru’s voting rights, from Gazprombank, …