Russia may pivot to Asia should the proposed U.S.-European Union free-trade agreement hurt its businesses, said Kirill Dmitriev, the Chief Executive Officer of the $10 billion Russian Direct Investment Fund.
The Russian Direct Investment Fund will focus on attracting investors to the government’s $14 billion asset sales rather than taking large shareholdings itself, Chief Executive Officer Kirill Dmitriev said.
China Investment Corp., the nation’s sovereign-wealth fund, agreed to contribute $1 billion to a Russian private-equity vehicle, the first foreign commitment to a project championed by President Dmitry Medvedev.
The Moscow Exchange’s $498 million debut on Russian markets will probably fail in enticing companies to list exclusively on the bourse, according to Otkritie Financial Corp. The shares slid below their offer price in intraday trading for a second day.
Prime Minister Vladimir Putin will probably push for greater transparency and efficiency at state- run companies after he’s elected president again March 4, said Kirill Dmitriev, head of the Russian Direct Investment Fund.
The Russia Direct Investment Fund, a Kremlin-backed private equity fund, is teaming up with Cartesian Capital Group LLC to buy a stake worth about $160 million in the Moscow Exchange ahead of the bourse’s share sale next year.