24.06.2011 - CIC may buy stake in OAO Sberbank
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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