Thai conglomerate CP Group will hook up with the state-owned Russian Direct Investment Fund to invest in Russia's food sector.
Russian state-owned investment vehicle Russian Direct Investment Fund (RDIF) is set to create a $1bn joint fund with Thailand-based conglomerate CP Group, Russia Beyond the Headlines has reported.
The news emerged at the “Thailand and Russia – Bilateral Cooperation through the Lens of Thai Business” forum in Bangkok last month, which highlighted potential areas of collaboration between the two countries.
The joint fund was disclosed by Nutthakrit Sivasri, chairman of overseas operations at CP, when he discussed the company’s plans…
