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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC set for 20pctin Moscow bourse IPO

Posted on 15 February 2013

The order book for Moscow Exchange’s stock market flotation has been fully covered, a day ahead of the bourse’s initial public offering with China’s sovereign wealth fund CIC investing.
China Investment Corp is seeking to match the amount the state-backed Russian Direct Investment Fund is investing, which could see both take around 20 percent of the shares, or around US$100 million each (HK$778 million), sources said. CIC was reportedly seeking up to 25 percent of the shares………………………………………Full Article: Source


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