February 15, 2013
The Russian Direct Investment Fund (RDIF) announces that it has invested in the initial public offering (IPO) of the Moscow Exchange and secured leading international investment funds to co-invest in the IPO.
The investment is part of a long-term strategy to promote the development of Russian capital markets and broaden the international appeal of the Moscow Exchange.
Prior to the IPO, through its co-investment model, RDIF also attracted other investors to the Exchange; the European Bank of Reconstruction and Development (EBRD), Cartesian Capital, BlackRock and China Investment Corporation (CIC).
, Chief Executive Officer of RDIF, said:
"The interest from international investors shows the attractiveness of the Moscow Exchange and
capital market as a whole."
Following its participation in the IPO RDIF has approximately 4.5% shareholding in the Exchange.
Notes to editors:
Russian Direct Investment Fund
) was established in
to make equity investments primarily in the
. RDIF's management company is a 100% subsidiary of Vnesheconombank. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.
The Moscow Exchange MICEX-RTS
is the leading Russian stock exchange and the leading trading venue for futures and options in
. It provides a wide range of opportunities to investors, professional institutions and their Russian and foreign clients for equities, bonds, currencies as well as derivatives trading.
Contacts for additional information:
For the RDIF:
SOURCE Russian Direct Investment Fund