Sber to acquire Russian fashion retailer Stockmann

MOSCOW, Jan 26 (PRIME) -- Banking group Sber and the owner of Russian fashion retail company Stockmann Yakov Panchenko plan to sign a binding agreement on acquisition of 100% of the retailer in January–June after due diligence and approval of the Federal Antimonopoly Service, Sber said in a statement on Wednesday.

Sber plans to integrate Stockmann into its multicategory market place Sbermegamarket.

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