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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC invests in Russia’s VTB Group

Posted on 17 February 2011

From Bloomberg: China Investment Corp. and Harvard University were among investors that bought shares in VTB Group, Russia’s second-largest lender, Vedomosti reported, citing Herbert Moos, the bank’s deputy chairman.
The Chinese sovereign wealth fund bought $100 million of VTB stock, in its first big investment in Russia, the newspaper said. The largest buyer in the placement of 10 percent of the state-run bank’s shares was Assicurazioni Generali SpA, which invested $300 million, and private-equity fund TPG Capital LP bought shares worth $100 million, Vedomosti reported……………………………………….Full Article: Source

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