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Russian billionaire Vladimir Potanin buys 25% of cloud firm Selectel for $206 million.
Russian billionaire Vladimir Potanin, via a joint venture with T-Technologies, has acquired a 25% stake in Selectel, a major Russian cloud provider, in a deal worth about 16 billion rubles ($206 million).
The investment, made through Catalytic People, marks Potanin’s latest move into tech, following his earlier stake in Yandex.
Selectel reported a 42% revenue increase in the first nine months of 2025.
The deal highlights ongoing private investment in Russia’s IT infrastructure despite sanctions and economic challenges.
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El multimillonario ruso Vladimir Potanin compra el 25% de la empresa de nube Selectel por $206 millones.