Bank of Russia sells half its stake in Moscow bourse to SWF-led investor group
Bank of Russia must divest in full by the end of next year
Russia's central bank yesterday sold half its stake in the country's main stock exchange to a range of investors including sovereign wealth funds around the world, in a major step towards a total divestment in the company, which it must complete by January 1, 2016.
Russian sovereign wealth fund Russian Direct Investment Fund (RDIF), which focuses on domestic development opportunities, led a consortium of "leading international institutional investors" from China, Germany, Qatar, Singapore, UAE
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