St Petersburg or Moscow likely venues if Rusnano's planned investment in Plastic Logic pay off.

US-based semiconductor company Plastic Logic is continuing in its talks with a $5bn Russia state-backed venture capital company investing in nanotechnology and might set up a factory in the country either in St Petersburg or outside Moscow.

Russian Corporation of Nanotechnologies (Rusnano) has been in talks with corporate venturing-backed Plastic Logic over the summer about it taking a minority stake and deal sources said these discussions were still "continuing well".

Rusnano only takes minority stakes in third parties and in June…

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