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Russia's RDIF in talks over control of Sistema's retail, power assets: sources

Reuters  |  MOSCOW 

By Tatiana Voronova and Vladimir SoldatkinMOSCOW (Reuters) - Russian conglomerate Sistema, which has to make a big payment to energy giant Rosneft to settle a business dispute, is in talks with one of the country's sovereign wealth funds about transferring two of its companies, sources said on Friday.The negotiations concern the possibility of the state-owned Russian Direct Investment Fund (RDIF) taking over control of two retail and power businesses from Sistema, a banking source and a source close to the conglomerate told Reuters.Asked by Reuters for comment, RDIF said it had no plans to ...

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First Published: Fri, January 12 2018. 23:03 IST