15.02.2013 - CIC set for 20pctin Moscow bourse IPO
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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