RDIF briefed government and business circles of France with Russian investment opportunities

Press release, 12.09.2016

Paris, September 12, 2016- A delegation of the Russian Direct Investment Fund (RDIF), headed by CEO Kirill Dmitriev, visited Paris and participated in negotiations with government and business circle representatives of France. In particular, during the visit, the RDIF delegation held a meeting with the Minister for the Economy and Finance of France, Michel Sapin, as well as representatives of Prime Minister Manuel Valls’s Office. These meetings discussed the potential for strengthening Russian-French investment cooperation, including through the Russia-France investment platform established by RDIF and CDC International Capital (CDC IC).

RDIF delegation also took part in a business breakfast with the heads of the largest companies in France. This breakfast was organized with the support of the French business confederation MEDEF International. The meeting was attended by representatives of more than 40 French companies from a variety of sectors such as renewable energy, agriculture and food production, transport and infrastructure, industry, tourism, financial services and pharmaceuticals. At the business breakfast and subsequent bilateral meetings both sides discussed the mechanisms for the implementation of joint projects under the framework of the Russia-France investment platform.

To date, the total volume of projects under detailed study by RDIF and CDC IC exceeds EUR 1bn. Investments are assumed to be made in sectors such as consumer goods, mechanical engineering, food production and agriculture, construction materials, tourism, retail and infrastructure.

This official visit was organized with the support of BUSINESS FRANCE, the national agency supporting the international development of the French economy.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

"We are grateful to the French side, who initiated this meeting. Recently, we have been able to step up collaboration with French colleagues, which has allowed us to build a portfolio of promising investment projects for further detailed study. We have also been able to announce the first deal in partnership with the CDC International Capital. We expect that by the end of this trip some new projects will be added to the list of investment initiatives for joint implementation with our French partners."

The Russian Direct Investment Fund (RDIF) was established in 2011 to make equity investments alongside leading international financial and strategic investors, primarily in Russia. The fund acts as catalyst for direct investment in Russia’s economy. Additional information can be found at: rdif.ru

For additional information contact:

Maria Medvedeva
Russian Direct Investment Fund
Director, Media Relations Department
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler
Tel: +44 (0) 20 7796 4133