Moscow Exchange’s IPO Shoring up Demand

Posted on 02/13/2013

Russia has aspiring plans to privatize state-owned businesses and draw foreign capital to Moscow. Russia’s central bank currently owns 24.3% of the exchange. Investors have bid for all shares offered by the Moscow Exchange MICEX-RTS. The Russian Direct Investment Fund (RDIF) and the sovereign wealth enterprise, Chengdong Investment Corporation which is owned by the China […]

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