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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC may buy stake in OAO Sberbank

Posted on 24 June 2011

China’s US$200 billion sovereign wealth fund is considering buying a US$4 billion stake in Russia’s largest commercial bank, media reports said.
China Investment Corp has received a proposal from investment banks, which are now lobbying global clients to buy a total of 7.6 percent of OAO Sberbank. Russia’s biggest state-controlled lender is expected to roll out its privatization program soon, 21st Century Business Herald reported yesterday………………………………………..Full Article: Source


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