Published: October 18, 2013
Russia-China Investment Fund takes 42% stake in RFP Group as company targets Asian markets.
Russia-China Investment Fund (RCIF), a private-equity fund established by the two countries, has bought a 42% stake in RFP Group, a Russian forestry holding company in the country's Far East.
The investment will help the company to construct a new deep wood processing centre, which will be the biggest in the region. RFP has already built a new manufacturing facility to target the Japanese and Chinese markets and is also preparing to take on new debt financing to construct a sawnwood plant scheduled to launch in 2015.