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Russia's RDIF sets up $2bln investment fund with Abu Dhabi
June 20, 2013 / 6:44 PM / 4 years ago

Russia's RDIF sets up $2bln investment fund with Abu Dhabi

ST PETERSBURG, Russia, June 20 (Reuters) - Russia’s state-backed private equity fund, the Russian Direct Investment Fund, and Abu Dhabi-based Mubadala Development Company are setting up a $2 billion co-investment fund to invest in projects in Russia, the parties said on Thursday.

Each side will contribute $1 billion and the fund will focus on investments in various industry sectors, the parties said. (Reporting By Alexei Anishchuk; Writing by Megan Davies; Editing by Steve Gutterman)

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