In June, RDIF’s CEO Kirill Dmitriev said that the Fund was interested in entering Rusagro’s capital, particularly due to the possibility of boosting Russian agriculture exports to China
Rusagro does not rule out that the Russia-China Investment Fund (or RCIF, set up by Russian Direct Investment Fund (RDIF) and China Investment Corporation) will become its partner on a project in China, Chief Executive Officer of the Russian agricultural holding company told TASS during the Eastern Economic Forum.
"Currently we are considering whether it is reasonable to invest in China. The Russia-China Investment Fund will probably be one of co-investors of.
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Russian farming conglomerate Rusagro said on Wednesday it has bought a 22.5% stake in local competitor Agro-Belogorie, raising speculation this is a first step to taking a controlling stake to become the country’s largest pork producer.
Rusagro and Agro-Belogorie are among the five largest pork producers with similar production capacity in Russia, which has seen consolidation in the meat industry in recent years.
“This deal is definitely a way to gaining control, otherwise Rusagro would not have done it,” a banking source told Reuters.
Rusagro did not disclose the terms of the deal and a spokeswoman declined to comment.
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RusAgro will invest RUB12 billion (US$220m) in poultry production in Primorsk Krai, in Russia’s Far East region, according to the.
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