Tuesday 26 November 2013

RDIF Agrees $1.35Bln Investment Deal With Italian State Fund | Business | The Moscow Times

RDIF Agrees $1.35Bln Investment Deal With Italian State Fund | Business | The Moscow Times:

"Italy in its second day, Russia’s state-backed private equity investment fund and Italy’s strategic state investment fund have agreed to invest up to 1 billion euros ($1.35 billion) in companies and projects in the two countries, officials said.

Fabrizio Pagani, a senior economic advisor for Prime Minister Enrico Letta, said the Russian Direct Investment Fund, or RDIF, would sign the deal with the Italian fund at a bilateral summit in Trieste on Tuesday.

Under the agreement, the two funds will invest up to 500 million euros each.

“We are not talking about small businesses but medium and large companies,” RDIF CEO Kirill Dmitriyev said."

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