Bank of Russia sells half its stake in Moscow bourse to SWF-led investor group


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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