Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Russian billionaire Potanin acquires minority stake in cloud provider Selectel
Published by Global Banking and Finance Review
Posted on December 29, 2025
MOSCOW, Dec 29 (Reuters) – Russian billionaire Vladimir Potanin has acquired a 25% stake in a top IT infrastructure provider through companies he controls, one of the firms, T-Technologies, said on Monday.
Catalytic People, a joint venture between Potanin’s holding company Interros and T-Technologies, the owner of online lender T-Bank, has purchased a 25% stake in Selectel, valued at some 16 billion roubles ($206 million).
Potanin, CEO of Russian metals company Nornickel and its largest shareholder, has expanded his investments in the technology sector, acquiring a 9.95% stake in internet giant Yandex, often dubbed “Russia’s Google”, earlier this year.
Selectel’s revenue for the first nine months of 2025 grew by 42% year-on-year to 13.5 billion roubles, T-Technologies said.
($1 = 77.4000 roubles)
(Reporting by Reuters; Writing by Lucy Papachristou; editing by Guy Faulconbridge)