RBC

Iida group

02/12/2021 07:27

Dec 2 (Reuters) - 
    * Russia's government has approved the sale of a 75% stake
in the
RFP Group to Japan's Iida Group Holdings  3291.T  with some
conditions, the RBC media portal reported on Thursday. 
    * The government wants almost $150 million to be invested in
the
Russian far eastern group, for timber processing to be doubled
and the number of jobs to be protected, the report said. 
    * Stakes in RFP are held by businessman Roman Abramovich's
Millhouse and the Russian Direct Investment Fund jointly with
China Investment Corporation, it said. 

-- Source link: https://bit.ly/3DaCsyV
-- Note: Reuters has not verified this story and does not vouch
for its accuracy.

 (Reporting by Moscow newsroom)
 ((moscow.newsroom@thomsonreuters.com; +7 495 775 12 42))