[Reuters] Russia's MTS acquires stake in parent's bank

Posted by: UGN Security

[Reuters] Russia's MTS acquires stake in parent's bank - 03/29/13 05:29 AM

MOSCOW (Reuters) - Russia's top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank.