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Friday, 11 November 2016

Mubadala shows appetite for Russian deals | The National

Mubadala shows appetite for Russian deals | The National:

"Mubadala Development Company, the Abu Dhabi strategic investment company, said yesterday that it is weighing two investments for a total of up to US$300 million in Russia’s food sector.

The investment would be with the Russian Direct Investment Fund (RDIF), a Russian government-backed strategic fund with which Mubadala set up a $2 billion fund three years ago to make long-term investments across a range of industries in Russia, as well as with other unnamed investment funds.

The investments under consideration include one of up to 9bn roubles (Dh510 million) in AFG National, the result of a 2013 merger between AF Group, the country’s largest rice grower and distributor, and Angstrem, the largest packaged cereals company."

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