RDIF invests in the Moscow Exchange IPO and attracts leading international co-investors from the US and China
Moscow, 15 February, 2013. The Russian Direct Investment Fund (RDIF) announces that it has invested in the initial public offering (IPO) of the Moscow Exchange and secured leading international investment funds to co-invest in the IPO.
The investment is part of a long-term strategy to promote the development of Russian capital markets and broaden the international appeal of the Moscow Exchange.
Prior to the IPO, through its co-investment model, RDIF also attracted other investors to the Exchange; the European Bank of Reconstruction and Development (EBRD), Cartesian Capital, BlackRock, China Investment Corporation (CIC) and KIA.
Kirill Dmitriev, Chief Executive Officer of RDIF, said:
“The interest from international investors shows the attractiveness of the Moscow Exchange and Russia’s capital market as a whole.”
Following its participation in the IPO RDIF has approximately 4.5% shareholding in the Exchange.
Russian Direct Investment Fund (www.rdif.ru) was established in June 2011 to make equity investments primarily in the Russian Federation. RDIF’s management company is a 100% subsidiary of Vnesheconombank. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.
The Moscow Exchange MICEX-RTS is the leading Russian stock exchange and the leading trading venue for futures and options in Eastern Europe. It provides a wide range of opportunities to investors, professional institutions and their Russian and foreign clients for equities, bonds, currencies as well as derivatives trading.
Contacts for additional information:
For the RDIF:
+7 964 7261773
Andrew Hayes/Andrew Leach/Maria Ignatova/Elena Kuza
Tel +44 (0) 20 7796 4133