RDIF and Partners Buy 9.5% Stake in Prokhorov’s Mining Unit

Bloomberg, 14.03.2019

(Bloomberg) -- A group of investors including the Russian Direct Investment Fund, the Russian-Chinese Investment Fund and the "leading Middle East sovereign fund" will buy a 9.53% stake in Intergeo from Onexim Group, which is owned by billionaire Mikhail Prokhorov, according to a statement from the RDIF.

• The statement didn’t name the Middle East sovereign fund

• Investments into the development of Siberian copper and nickel deposits, owned by Intergeo, are estimated at 178 billion rubles ($2.7 billion)