Russian billionaire Vladimir Potanin has acquired a significant stake in one of the country’s leading IT infrastructure providers through companies under his control.
T Technologies announced on Monday that Catalytic People, a joint venture between Potanin’s holding company Interros and T Technologies, has purchased a 25 percent stake in Selectel. The deal values Selectel at about 16 billion roubles, equivalent to roughly 206 million dollars.
Potanin, who is the chief executive officer and largest shareholder of Russian metals giant Nornickel, has been steadily expanding his investments in the technology sector. Earlier this year, he acquired a 9.95 percent stake in internet company Yandex, often referred to as Russia’s version of Google.
According to T Technologies, Selectel recorded strong financial performance, with revenue for the first nine months of 2025 rising by 42 percent year on year to 13.5 billion roubles.