Pension fund buys 10 pct stake in Russia's Promsvyazbank

May 14, 2015 2:52 PM

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MOSCOW May 14 A Russian pension fund has bought a stake of around 10 percent in privately-owned bank Promsvyazbank for 6.9 billion roubles ($140 million), the bank said on Thursday.

The pension fund, called Blagosostoyanie OPS and controlled by businessman Boris Mints' O1 Group, acquired the stake by buying Promsvyazbank shares owned by Promsvyaz Capital on the Moscow Exchange.

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