RDIF and TH Group to invest in Russian agriculture
Press release, 06.09.2017
Moscow, September 06, 2017 - The Russian Direct Investment Fund (RDIF) and Vietnam’s largest agricultural conglomerate TH Group have agreed to jointly invest in agricultural projects in Russia, with a focus on dairy farming and milk processing in the Far East of Russia. The agreement was signed prior to the Eastern Economic Forum in Vladivostok.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"There is great potential for increasing production efficiency in the Russian dairy industry through the construction of high-tech farms and the implementation of best practices in cattle farming and milk processing. TH Group has previously invested in Russia, and has essential expertise and ability to increase the quality and efficiency of domestic milk production."
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund 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 can be found at www.rdif.ru
TH Group - is a series of companies doing their business in TH brand. Our Series company includes: TH Milk Food, Dalat Milk, TH Schools, May Forester Company, Nghe An Sugar Company (NASU), BacABank. TH’s green food products are of natural sources and receive many certificates and awards (within Vietnam and overseas) for their quality. TH Milk Food JSC established in 2009, is the first company in the TH Group with the task of investment in industrial dairy farms, modern technology of dairy manufactures and distribution systems across the country, currently occupies 30% of dairy market share in Vietnam.
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133