Qatar Holding hires UBS for possible $3bn Russian lender deal
- Qatar: Wednesday, February 27 - 2013 at 02:00
Qatar's sovereign wealth fund has hired UBS to advise on a possible $3bn investment in Russian state-controlled bank VTB, Reuters has reported, citing three people with direct knowledge of the matter. One source involved with the situation said while Qatar Holding was an attractive investor, VTB was talking to other sovereign funds. "If they make a co-investment [agreement] with VTB there could be plenty that the Qataris can do [in Russia] which is mutually beneficial — good to attract capital and good for them to have opportunity in Russia," the source said.
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