RDIF sees window for secondary deal on capital markets, foreign investor interest in retail

Interfax, 24.03.2015

MOSCOW. March 25 (Interfax) - A consortium of investors led by the Russian Direct Investment Fund (RDIF) acquired about 50% of shares in Russian retail Lenta in an SPO this week, RDIF chief Kirill Dmitriev said. The Russian-Chinese Investment Fund (RCIF) and investors from the UAE, Qatar, Kuwait, Bahrain and Europe also took part.

"We can confirm that the Russian-Chinese fund took part [in the Lenta placement] together with RDIF. Our co-investors also took part automatically: they are the sovereign funds in the UAE, Qatar, Kuwait, Bahrain and many other investors, including European investors," Dmitriev said in an interview with Rossiya 24 television.

The Lenta SPO attracted invested "from absolutely varied geographies," who are focused on continuing investment in Russia, Dmitriev said.