SA's Standard takes third of Russian bank

South Africa's Standard Bank is to take a 33 percent stake in Russian investment bank Troika Dialog, forging a major partnership deal despite the mounting economic crisis in Russia, the companies said Friday. Standard Bank will acquire the stake for 200 million dollars (158 million euros) through a convertible loan while also handing over its Russia operations and all its Russian business to Troika Dialog, the Russian bank said in a statement.