T-Technologies planning expansion to other markets, but not necessarily in financial sector - group head

MOSCOW. March 19 (Interfax) - ICPJSC T-Technologies is planning expansion in other countries, but it will not necessarily be expanding financial services in particular in foreign markets, the group's president Stanislav Bliznyuk said.

"After we had the deal with Rosbank , we gained confidence that we know, we have, we understand. We had several more deals - Yandex , Tochka, Selectel, and now Avto.ru. In this regard, possibly regarding other countries: there could be entries not directly from a financial point of view, but for example, from the point of view of classified platforms. If there is a good classified site where fintech monetization can be implemented, then a door opens a little," Bliznyuk said in a T-Investments podcast for investors.

"Avto.ru can actually set the stage for such international expansion. Entering not only with a banking theme, but with a different theme, but overlaying the expertise that we will develop within the automotive division in Russia," he said.

T-Technologies recently announced plans to buy back 100% of Avto.ru Group from Yandex for 35 billion rubles.

The group, through Catalytic People (50% plus one share), holds stakes in Yandex (Catalytic has around 10%), Selectel (25%) and Tochka (64%).

Regarding the possible purchase of other assets, T-Technologies primarily focuses on technology sectors. "Naturally, we are looking in this direction," the group's financial director, Ilya Pisemsky, said in the podcast.

Bliznyuk added that the group is looking at assets in other areas as well.

"We have many different topics in our pipeline. They come both from us, where we are the initiators, and companies come to us and say: 'Let's try to find synergy together,'" he said.

T-Bank merged with Rosbank in January 2025.

The main shareholder of T-Technologies is Vladimir Potanin's Interros, which owns 41.4% of the holding.