February 14, 2019 / 7:45 AM / 2 days ago

Russia's RDIF, United Green Group to invest in baby milk plant

MOSCOW, Feb 14 (Reuters) - Russian sovereign wealth fund RDIF and Britain’s United Green Group plan to invest up to 10 billion roubles ($151 million) to build a factory for baby formula, the Russian fund said on Thursday.

The project is set to be Russia’s first plant producing baby milk formula and will produce up to 15,000 tonnes a year, RDIF said.

$1 = 66.3233 roubles Reporting by Maxim Rodionov Writing by Tom Balmforth Editing by Edmund Blair

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below