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. Last Updated: 07/27/2016

EBRD May Buy Bank Stake

The European Bank for Reconstruction and Development may buy a stake in Promsvyazbank, Dmitry Ananyev, co-owner of the bank, said Wednesday.

"EBRD is a possibly buyer," Ananyev told reporters on the sidelines of a VTB Capital investment forum. He did not disclose any parameters to the deal.