Russia’s RDIF sees possible growth in retail, agricultural sectors

Prime News, 24.03.2015

MOSCOW, Mar 25 (PRIME) -- The Russian Direct Investment Fund sees growth potential of retail and agricultural sectors and thinks they are promising, CEO Kirill Dmitriev said in an interview with Rossiya 24 TV channel Wednesday.

 “We only invest in those sectors in which we see serious points of growth, and in which our money may create additional jobs and help a company to develop. Retail is one of these growth points without any doubts,” Dmitriev said.

The RDIF also invests in such promising sectors like logistics and IT, with the agricultural sector being one of the most attractive to the fund.

 “We see that more and more large agricultural companies are being created. They have more possibilities to sell goods now as some European goods are banned in Russia. That is why we see a significant future growth of the agriculture sector,” he said.

On Tuesday, Russian food retailer Lenta placed 35.2 million global depositary receipts for U.S. $225 million on the London Stock Exchange. The RDIF acted as a leading anchor investor and the fund and its co-investors attracted about a half of investments that will be transferred to the company, he added.