In a joint statement in Frankfurt and Moscow, they said the existing Deutsche funds company in Russia, DWS Investment Russia, would be merged with UFG Invest, but the announcement did not say when this would happen.
The cost of the Russia transaction was not disclosed. The statement described UFG Invest as one of the top 10 companies in investment banking in Russia with managed funds of €400 million ($570 million). (m&c.com)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
