Market Forecasts
Sovereign wealth
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Wealth fund trio to invest $500 mln each in Russia's VTB
Russia's second-largest bank VTB expects to close its $3.3 billion offering of new shares by the end of the week, with three sovereign wealth funds investing about $500 million each, Chief Executive Andrei Kostin told Reuters. Azerbaijan's state oil fund SOFAZ, Norges Bank Investment Management and Qatar Holding are buying…
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