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    PPF Group completes sale of NOMOS stake

    PPF Group N.V. announces that, further to its previous announcement of 9 August 2012, it has now completed the sale of its 26.5% stake in Nomos Bank Group, following an offer for the shares.

    The proceeds from the sale of its stake in the Russian private bank will enable PPF to invest in the further development of the Group’s key assets in Russia, particularly in the areas of consumer finance, consumer electronics and real estate, and will support expansion in the fast-growing Asian markets.

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