Russia’s RDIF, Chinese holding set up $500 mln fund

VLADIVOSTOK, Sep 2 (PRIME) -- The Russian Direct Investment Fund (RDIF) and China’s Inventis Investment Holdings signed on Friday an agreement to set up a U.S. $500 million fund for projects in agriculture, transport, retail and tourism.

“This partnership will open the possibility of communicating with a large number of fund Inventis’ portfolio companies. We will be actively investing with the fund and attract the fund’s portfolio companies for investments in Russia,” RDIF CEO Kirill Dmitriev said.

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