Onexim Group, one of Russia’s largest private investment funds, with more than $25 billion in assets, has entered into a strategic agreement whereby it will acquire a 50% interest in Renaissance Capital, the market-leading investment bank in Russia, the CIS and Africa. Commenting on the transaction, Stephen Jennings, Renaissance Group chief executive, says: “The partnership with Onexim creates a financial powerhouse with the resources, skills and ambition to be the clear leader in all its markets.”
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