SOFAZ will be one of the shareholders of one of the largest Russian banks - VTB. Earlier it was reported that JP Morgan and Deutsche Bank won't be organizers of the IPO of the VTB. Assets of the State Oil Fund of Azerbaijan were $ 34.3 billion on April 1, 2013.
SOFAR is among the group of large investors in VTB, including the wealth fund of Norway's Norges Bank Investment Management. Moreover, SOFAR is going to invest about $1 billion in the real estate market in Asia.
SOFAR to buy shares in Russia's VTB
3415 views
