Russian billionaire Potanin buys 25% stake in cloud provider Selectel
Russian billionaire Vladimir Potanin has acquired a 25% stake in IT infrastructure provider Selectel, according to T-Technologies, one of the companies involved.
The stake was purchased through Catalytic People, a joint venture between Potanin’s holding company Interros and T-Technologies, the owner of online lender T-Bank, News.Az reports, citing Reuters.
The deal is valued at around 16 billion roubles ($206 million).
Potanin, CEO and largest shareholder of metals giant Nornickel, has been expanding his technology investments.
Earlier this year, he acquired a 9.95% stake in Russian internet firm Yandex, often called "Russia’s Google."
Selectel has reported a 42% year-on-year revenue increase for the first nine months of 2025, reaching 13.5 billion roubles, T-Technologies said.
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