China’s CIC makes invests in Moscow Exchange IPO
China Investment Corporation (CIC) participated as a cornerstone investor in Moscow Exchange’s $500 million IPO. The deal represents another collaborative effort between the Chinese sovereign wealth fund and its Russian counterpart, Russia Direct Investment Fund (RDIF).
RDIF claims it was responsible for bringing in international co-investors, including CIC, the European Bank of Reconstruction and Development, Cartesian Capital and BlackRock. RDIF now owns approximately...
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