Russian Direct Investment Fund Buys Stake in Prosveshchenie

Posted on 05/19/2021

Russian banks Sberbank and VEB along with the Russian Direct Investment Fund (RDIF) agreed to purchase a 25% stake each in Russian publishing house Prosveshchenie. Combined, the Russian investors took a 75% stake in the publishing company. Prosveshchenie, whose name means ‘enlightenment’ in Russian, was valued at 108 billion roubles (US$ 1.5 billion) for the […]

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