UNISTREAM, a Moscow-based money transfer company, has found a foreign investor. Priced at $20 million, the blocking stake will be sold to the AURORA RUSSIA LIMITED investment fund. In three years, the partners are to offer UNISTREAM shares on an exchange. UNISTREAM is Russian UNIASTRUM bank’s money transfer subsidiary. It had a $1.2-billion turnover in the first nine months of 2006. The company has 25,000 service points in 85 countries worldwide and occupies, according to its own estimates, 25% of the CIS market. AURORA RUSSIA LIMITED is a British direct investment fund, with its shares traded on the LSE AIM. Its capitalization is $134m. The fund invests in dynamically developing small Russian companies in the consumer and financial sectors.
Source: VEDOMOSTI, November 30, 2006
