Monday, July 24, 2017

Russian State Fund CEO May Join Transneft Board

Posted by July 14, 2017

The government has nominated Kirill Dmitriev, head of Russian Direct Investment Fund (RDIF), to the board of state-controlled oil pipeline monopoly Transneft , a government source told Reuters on Friday.

"For the first time a direct representative of investors in the preferred shares will become a member of Transneft board," the source said, adding the move will facilitate efforts to raise Transneft dividends.

Transneft and RDIF declined comments.
 

(Reporting by Vladimir Soldatkin, Katya Golubkova and Polina Devitt)

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