RDIF, Japan's SBI Holdings mull joint investment fund

Interfax, 28.05.2018

MOSCOW. May 28 (Interfax) - The Russian Direct Investment Fund (RDIF) and Japan's SBI Holdings, which has a subsidiary bank in Russia, will consider joint investments in the Russian financial technology and biotechnology sectors under an agreement signed on Saturday in the presence of President Vladimir Putin and Prime Minister Shinzo Abe, the RDIF said in a press release.

Under the agreement, the RDIF and SBI Holdings will form a working group to analyze existing projects and assess the creation of a joint investment fund, the RDIF said.

"Our partnership with this company aligns with our desire to invest in the technology of the future. RDIF plans to increase the Fund's share of technology investments to 25% in the near future," RDIF CEO Kirill Dmitriev was quoted as saying.