MOSCOW- Russia's state development bank VEB said on Thursday it bought a stake in Blagosostoyanie, one of the country's biggest pension funds but not involved in managing state pensions.
VEB said in August it planned to buy a blocking stake in Blagosostoyanie without giving a value for the deal.
A blocking stake usually requires holding about 25% of a company's shares although this can differ depending on a firm's structure.
(Reporting by Andrey Ostroukh; writing by Anastasia Teterevleva; editing by Jason Neely) ((anastasia.teterevleva@thomsonreuters.com; +7 495 775 12 42;))
