Brief: Russia-China investment fund, Japan's IIDA to invest in Russian forestry firm
08/12/2021 03:00
MOSCOW, Dec 8 (Reuters) - Russian sovereign wealth fund RDIF
says:
* The Russia-China Investment Fund (RCIF), established by
RDIF and
China Investment Corporation, and Japan's IIDA Group Holdings
3291.T announce a strategic partnership and investment in
Russia Forest Products (RFP Group), the largest forestry company
in Russia's Far East.
* They will invest over 10 billion roubles ($135 million) in
RFP
Group to expand its wood processing capacity.
($1 = 73.9388 roubles)
(Reporting by Moscow Newsroom; Editing by Alexander Smith)
((Polina.Devitt@thomsonreuters.com))
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