By Sabela Ojea
Sberbank Rossia said late Friday that it has signed legally binding documents to sell 36% of its stake in MF Technologies to Gazprombank.
The Russian bank said the value of the deal will be 12.8 billion Russian rubles ($175.6 million). The deal is scheduled to close in the fourth quarter of 2021.
MF Technologies, a joint venture focused on implementing projects in the digital-economy field, controls 57.3% of Mail.Ru Group Ltd. voting shares.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix