Source: China-Eurasian fund to invest in EDC on Wednesday

MOSCOW, Oct 31 (PRIME) -- The China-Eurasian Economic Cooperation Fund established in China to invest in the Eurasian Economic Union, and the Russian Direct Investment Fund (RDIF) will invest in Eurasia Drilling Company (EDC) on Wednesday, a source with knowledge of the deal terms told PRIME on Tuesday.

“The China-Eurasian Economic Cooperation Fund will make the first investment in Russia tomorrow. It will be investment in EDC,” the source said, adding that the size of the deal amounts to tens of million U.S. dollars.

RDIF CEO Kirill Dmitriev said earlier that Saudi Aramco can invest in EDC. The Federal Antimonopoly Service earlier received an application from a consortium of the RDIF, the Russia-China Investment Fund (RCIF) and Middle Eastern investors to buy a stake in EDC.

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