RDIF attracts investors from Singapore, Qatar, UAE to Moscow Exchange

Interfax, 02.07.2014

MOSCOW. July 2 (Interfax) - As a result of the Central Bank selling shares in the Moscow Exchange (MOEX: MOEX), the exchange has received several new large investors, according to a statement by the Russian Direct Investment Fund (RDIF).

"RDIF has been a shareholder in the Moscow Exchange since early 2012. The fund initially purchased shares in the company prior to its IPO through a series of co-investment transactions with blue-chip investors exceeding $1 billion. These included the European Bank for Reconstruction and Development (EBRD), Cartesian Capital, BlackRock, China Investment Corporation and Kuwait Investment Authority. RDIF was a cornerstone investor in the Moscow Exchange's IPO when it co-invested with additional international institutional investors. Since the IPO, the Fund has been supporting the Company in its governance through its presence on the Moscow Exchange Supervisory Board and key Board committees," the fund said.

The new deal included Central Bank selling 11.7% of the exchange's shares. The statement does not say how many shares were acquired or who the fund's partner was. The fund's CEO, however, says that new investors were among its partners.

"We are delighted that RDIF managed to attract our partners as co-investors from China, Singapore, Qatar, UAE, USA, UK and Germany. As the basis of the financial infrastructure in Russia, we believe that the Moscow Exchange has considerable capitalization growth potential," RDIF CEO Kirill Dmitriev is quoted in the statement as saying.