Russian billionaire Potanin acquires minority stake in cloud provider Selectel

Chief Executive of Nornickel company Vladimir Potanin attends a meeting with Russian President Vladimir Putin in Moscow, Russia, October 14, 2025. Sputnik/Alexander Kazakov/Pool via REUTERS

MOSCOW, Dec 29 (Reuters) - A ‌joint venture controlled by Russian billionaire Vladimir Potanin has ‌acquired a 25% stake in IT infrastructure provider Selectel, ‌one of the venture's partners said on Monday, as Moscow seeks to boost development of home-grown artificial intelligence models.

Catalytic People, a joint venture between Potanin's holding ‍company Interros and T-Technologies, the owner of ‍online lender T-Bank, has ‌purchased a 25% stake in Selectel, valued at some 16 billion ‍roubles ($206 ​million), T-Technologies said in a statement.