Less than a minute
191 words
4 views
A Transneft share swap could give the Russian sovereign wealth
fund more control over the oil pipeline monopoly, according to a
new report by Reuters. The Russian government already owns 78.1
percent of the company, all of which are ordinary shares. The rest
of the company consists of preferred shares, which are traded by
smaller investors. The Russian Direct Investment Fund bought shares
from United Capital Partners earlier this year after the latter
group decided to liquidate a portion of its assets. RDIF directly
owned 0.43 percent of preferred…
fund more control over the oil pipeline monopoly, according to a
new report by Reuters. The Russian government already owns 78.1
percent of the company, all of which are ordinary shares. The rest
of the company consists of preferred shares, which are traded by
smaller investors. The Russian Direct Investment Fund bought shares
from United Capital Partners earlier this year after the latter
group decided to liquidate a portion of its assets. RDIF directly
owned 0.43 percent of preferred…
A Transneft share swap could give the Russian sovereign wealth
fund more control over the oil pipeline monopoly, according to a
new report by Reuters. The Russian government already owns 78.1
percent of the company, all of which are ordinary shares. The rest
of the company consists of preferred shares, which are traded by
smaller investors. The Russian Direct Investment Fund bought shares
from United Capital Partners earlier this year after the latter
group decided to liquidate a portion of its assets. RDIF directly
owned 0.43 percent of preferred…
fund more control over the oil pipeline monopoly, according to a
new report by Reuters. The Russian government already owns 78.1
percent of the company, all of which are ordinary shares. The rest
of the company consists of preferred shares, which are traded by
smaller investors. The Russian Direct Investment Fund bought shares
from United Capital Partners earlier this year after the latter
group decided to liquidate a portion of its assets. RDIF directly
owned 0.43 percent of preferred…