Russia approves Saudi investors' 20.5% stake purchase in Novomet

Russia's Commission on Foreign Investments approved Saudi investors acquiring a 20.5% stake in Novomet, a Russian artificial lift equipment maker, for about 5 billion rubles (around $78 million); RDIF will take a 10.2% stake.

“The Commission on Foreign Investments Monitoring of the Russian Government has granted permission to Saudi investors to acquire a 20.5% stake in Novomet.”eurasianlinks.blog

• 1 source
• eurasianlinks.blogThe Commission on Foreign Investments has approved the acquisition of 20.5% of Novomet by Saudi investors – The Eurasian LinksNov 17, 2019

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