ECONOMY

Russia’s ICT Group buys stake in Piraeus Bank

Russian billionaire Alexander Nesis?s ICT Group bought a stake in Piraeus Bank, Greece?s fourth-biggest lender, the Moscow-based company?s press service said.

The size of the stake is ?comparable? to the 5.7 percent in Piraeus held by Czech billionaire Petr Kellner?s PPF Group NV, ICT?s press service told Bloomberg, declining to elaborate.