Tuesday, June 24, 2008
Foreign financial companies could be on the shopping list as a Russian billionaire is rumored to be acquiring up to 9% of Deutche Bank. Expect to see more of this as this is a hugely profitable industry for Russia to invest in and especially with companies that are active in Russia and Russian’s are already familiar with. This is consistent with the government’s urging to invest overseas and makes sense given the stabilization fund will now be invested in equities and bonds of private companies from around the globe.
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1 comment:
US financial companies are at historic lowest value, make sense..
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