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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Russian Fund buys stake in MICEX-RTS

Posted on 31 January 2012

Russia’s $10 billion private equity fund is making its first investment, buying a stake in the country’s MICEX-RTS stock market with the aim of boosting the exchange’s IPO hopes and helping develop Moscow’s rudimentary capital markets.
The Russian Direct Investment Fund, a $10-billion state fund set up to attract foreign direct investment into Russia, will buy a 1.25% stake in the exchange, according to a press release………………………………………..Full Article: Source


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