RDIF deepens collaboration with French partners
Moscow, January 25, 2015– The CEO of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, participated in the XXI session of the Russian-French Council for economic, financial, industrial and commercial cooperation. During the session, RDIF and its French partners signed the documents to finalize the mechanism for the implementation of joint investments between RDIF and CDC Capital International SA (CDC International), which enables increased collaboration, as well as the identification and implementation of attractive projects in Russia. The parties intend to finalize their first joint transaction in the near future.
RDIF and CDC International are considering more than 10 investment projects worth over 1 billion euros in sectors such as consumer goods, machinery, food and agriculture, construction materials, tourism, retail and infrastructure.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"We are pleased to further our cooperation with our French colleagues from CDC International, and we welcome their intention to focus on investments in Russia with RDIF. Our investment teams are already engaged in finding attractive projects, some of them are at project evaluation stage. In the near future we expect to announce the first joint transaction."
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. RDIF’s management company is based in Moscow. Further information at www.rdif.ru
Russian Direct Investment Fund
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