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Russia’s VTB eyes stake in Kellner’s Home Credit

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VTB Capital, the investment arm of Russian bank VTB, is in talks with the PPF Group to buy a 10% stake in its Dutch-registered consumer loans company Home Credit BV, the Russian daily Vedomosti reported Tuesday, citing sources close to the negotiations. Home Credit BV’s Russian subsidiary, Home Credit and Finance Bank, is the loan company’s star asset, generating about 75% of the company’s business.

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