Russian sovereign fund eyes investor consortium for Saudi Aramco IPO:
"The Russian Direct Investment Fund, a $10bn sovereign fund, said on Thursday it could set up a “significant consortium” of investors for the planned initial public offering of Saudi Arabia’s state energy giant Saudi Aramco.
Kirill Dmitriev, the head of the fund, said he expects widespread interest from Russian financial groups for the public offering tipped to be the world’s biggest ever.
“We see significant interest from Russian banks, from Russian investment banks and a number of other Russian investors, so we believe that we will be able to create a fairly significant consortium for these investments,” he told reporters at a conference in Sochi.
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