Cbonds.info, 27 Oct 2008
"Russia’s cash-strapped corporations are already showing interest in the world’s leading sovereign funds. For example, Singapore’s national fund, GIC, has long been investing in the assets of Russian companies, including those focusing on real estate, says Elena Khisamova, the head of the stock market department at VTB Capital. At the beginning of this year, GIC paid $233 million for a 25 percent stake in PIK Group’s Yaroslavsky construction project in the Moscow region."
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