RDIF Leads Secondary Public Offering in Russian Retail Chain

On October 21, the Russian Direct Investment Fund (RDIF) became an anchor investor in the secondary public offering of St. Petersburg-based Lenta Ltd., a mega food retail chain in Russia. RDIF was joined by other investors including funds from the Middle East. Lenta raised US$ 150 million, placing about 21,126,000 new global depository receipts (GDR). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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