Rostec eyes merger to dominate Russian electronics market

State technology firm Rostec could be set to merge with one of the Russia’s largest defense contractors, the Kommersant newspaper reported Monday.

If the plan goes through, Rostec’s Roseletroniki company would merge with defense companies RTI and Micron, which are owned by the private Sistema conglomerate. The shakeup would allow Rostec and Sistema to claim 80 percent of the country’s market for electronic components, an unnamed source told the outlet.