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Sovereign Wealth Funds Briefing - Categorized | Investment

Deutsche Bank and Russian fund take Rostelecom stake

Posted on 11 October 2013

Deutsche Bank and Russia’s $10bn sovereign wealth fund are buying a joint stake in Rostelecom ahead of a planned privatisation of the country’s state-owned telecom group.
Germany’s largest bank by assets and Russian Direct Investment Fund, which was set up by president Vladimir Putin in 2011, are investing a combined $240m in parity to “further develop and strengthen the company’s market position”, they said in a joint statement………………………………………..Full Article: Source


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