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Sberbank buys stake in Yandex.Money

Russia’s largest state-owned bank Sberbank said Wednesday it is buying 75% minus one share of Yandex.Money from Russia’s most popular search engine, Yandex NV, in a deal worth $60 million. "This company is one of the biggest successes in the Russian market," German Gref, chief executive of Sberbank told reporters Wednesday. "We think this partnership will help [...]

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