Russia’s RDIF, Thailand’s CP Group to create joint invest fund

Prime News, 18.06.2015

STRELNA, St. Petersburg, Jun 19 (PRIME) -- The Russian Direct Investment Fund (RDIF) and Thailand’s agricultural holding Charoen Pokphand Group (CP Group) have agreed to create a joint investment fund on a parity basis in Russia, RDIF CEO Kirill Dmitriev said late Thursday.

CP Group is expected to invest over U.S. $1 billion in the Russian agricultural sector, including $600 million by the end of this year, Dmitriev said.

The fund will be aimed at joint investments in long-term projects in Russia in such sectors as agriculture industry, food production and distribution, including dairy, meat, and poultry products, the RDIF said.