RDIF, Deutsche Bank plot swoop for Rostelecom stake

3 Jul 2013

State-backed private equity group the Russian Direct Investment Fund (RDIF) plans to buy a stake in Rostelecom, a spokeswoman for the state-controlled telecoms operator has confirmed to Reuters. The RDIF is said to be part of a pool of investors that will buy shares owned by Rostelecom itself, Kira Kiryukhina suggested, declining to comment further comment. Meanwhile, the Vedomosti business daily has separately reported that the RDIF, together with Deutsche Bank, will buy a stake worth USD250 million in Rostelecom.

Russia, Rostelecom