BlackRock Acquires Moscow Exchange Stake From Kremlin Fund
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BlackRock Inc., the world’s biggest asset manager, bought shares in the Moscow Exchange from the Russia Direct Investment Fund before the bourse’s planned initial public offering, the Kremlin-backed fund said.
RDIF had a 2.7 percent holding in the bourse, after boosting its stake in July. The Russian private-equity fund isn’t disclosing the size of the stake it sold or the price, Quinn Martin, a spokesman, said by e-mail.