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Russia's Sberbank says it has sold its 43% stake in Croatia's Fortenova

St. Petersburg International Economic Forum (SPIEF)

(Reuters) - Russian state bank Sberbank Rossii PAO said on Wednesday that it had sold its 43% stake in Croatian food producer and retailer Fortenova Grupa but did not give a reason.

In a brief statement, Sberbank said the stake had been bought by Saif Bin Markhan Alketbi, an investor from the United Arab Emirates.

(Reporting by David Ljunggren; editing by Jonathan Oatis)