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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Kremlin-backed fund seeks European investments, Arab partners

Posted on 24 January 2012

The Russian Direct Investment Fund is looking at companies in Italy, France, Germany and Netherlands, its head Kirill Dmitriev said by phone today. The $2 billion Moscow-based fund may conclude deals in the third or fourth quarter by acquiring minority stakes.
Prime Minister Vladimir Putin, who announced in September his intention to return to the presidency this year, said Russian capital should be invested abroad to allow for the country’s closer integration with Europe and the rest of the world. The fund can invest as much as 20 percent of its resources outside of Russia. It may also use some of the $1 billion that China Investment Corp., the nation’s sovereign-wealth fund, committed last year……………………………………….Full Article: Source


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