By Andrei Skvarsky.
UniCredit’s lending arm in Russia will be selling, exchanging and redeeming shares in 18 mutual funds managed by French-Russian venture TKB BNP Paribas Investment Partners under a new distribution agreement.
The deal between the Italian lender and TKB BNP Paribas, which is co-owned by France’s BNP Paribas and Russian railways monopoly RZD, takes effect this month, according to a statement by TKB BNP Paribas.
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