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PPF to Sell Nomos Bank Stake to Otkritie to Fund Expansion
www.bloomberg.com
[Bloomberg] - The “abrupt exit” of PPF from Nomos “looks like a first step to a merger with Otkritie, the new shareholder,” Alex Kantarovich, a banking analyst at JPMorgan Chase & Co. in Moscow, said today in a note. He cut Nomos shares to neutral from overweight.
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