Russia's RDIF, United Green Group to invest in baby milk plant

Reuters, 14.02.2019

MOSCOW, Feb 14 (Reuters) - Russian sovereign wealth fund RDIF and Britain’s United Green Group plan to invest up to 10 billion roubles ($151 million) to build a factory for baby formula, the Russian fund said on Thursday.

The project is set to be Russia’s first plant producing baby milk formula and will produce up to 15,000 tonnes a year, RDIF said.