RDIF, RCIF, Middle Eastern funds coordinate investment in EDC

Prime, 01.06.2017

ST. PETERBURG, Jun 1 (PRIME) -- A consortium comprising the Russian Direct Investment Fund (RDIF), the Russia–China Investment Fund (RCIF), and leading Middle Eastern funds have coordinated main conditions of investment in Russia’s Eurasia Drilling Company (EDC), the RDIF said in a statement on Thursday.

Additional information on the deal will be disclosed after transactional documents are signed, the RDIF said.

“We believe in the future of the company and its capability to dynamically develop in several segments of the market simultaneously. The deal fully complies with the strategy of investment of the RDIF aimed at raising efficiency of companies and the economy in general, as well as on development of infrastructure,” the fund said quoting CEO Kirill Dmitriev.