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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China fund buys into Moscow stock exchange sale

Posted on 15 February 2013

Moscow’s stock exchange has attracted foreign investors including China’s sovereign wealth fund to its flotation, but the pricing of Friday’s sale, expected to value the bourse at $4 billion, is now at the lower end of a forecast range, two financial market sources said.
The success of the Moscow exchange sale is politically and economically sensitive because President Vladimir Putin sees it as a way to help transform Moscow into an international financial centre………………………………………Full Article: Source


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