Sept 26th, 2017 - Silk Road Fund was awarded “New Silk Road Finance Awards: Best BRI Project/Initiative in Central & Eastern Europe” by Asia Money, for its 10% stake purchase in SIBUR. President Wang Yanzhi attended the award ceremony and delivered a theme speech.
SIBUR is Russia’s largest gas processor and petrochemical producer. Silk Road Fund announced the closing of the equity purchase on Jan 25th, 2017.
Asia Money, affiliated to Euro Money Institutional Investor Group, was founded in 1989. The New Silk Road Finance Awards were newly established in 2017. The award aims to commend financial institutions that made significant contributions to the fulfillment of the “Belt and Road Initiative” and to the deepening of cooperation among countries.