BlackRock Buys Stake in Moscow Bourse, Vedomosti Says

BlackRock Inc. (BLK), the world’s biggest asset manager, bought a stake in the Moscow Exchange from the Russia Direct Investment Fund, a government-backed private- equity fund, Vedomosti reported, citing two unidentified people close to the bourse’s shareholders.

The RDIF owns 2.7 percent of the bourse. The newspaper didn’t identify the size of the stake BlackRock bought.

Goldman Sachs Group Inc., BlackRock and Templeton Asset Management Ltd. signed an accord with RDIF on June 21 to invest in Russian companies preparing for initial public offerings.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net