RDIF acts as one of the anchor investors in Lenta SPO bringing leading Middle Eastern investors to the deal
Moscow, October 21, 2015 - The Russian Direct Investment Fund (RDIF) acted as one of the anchor investors in the SPO of Lenta, one of the largest and most successful retail chains in Russia. RDIF was joined by its co-investors and partners from the Middle East alongside other investors to support the growth and development of Lenta in Russia.
RDIF was already a minority shareholder in Lenta prior to this SPO – in March 2015 the Fund acted as an anchor investor in the Company’s $225mn GDR placing. Back then, RDIF helped Lenta to attract not only Asian and Middle Eastern funds, but also a number of major European investors.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“Our participation in this deal alongside leading international co-investors will significantly improve Lenta’s ability to grow its retail chain and its regional presence. RDIF and its partners strongly believe in Lenta’s successful business model which has already proven its effectiveness. – since the previous SPO Lenta has become the fastest growing retail chain in Russia.”
Russian Direct Investment Fund (RDIF)was established in 2011 to make equity co-investments, primarily in Russia alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at www.rdif.ru
Russian Direct Investment Fund
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