Russia/China deal to produce greater added value
8 November 2012Russian Forest Products is to receive at least US$193m in a deal that will allow it to produce products of greater added value than the logs it now exports mainly to China.
Russian Forest Products is the target company that will receive the injection of funds from the Russia-China Investment Fund, marking the first investment by the joint sovereign fund.
The fund has reached a tentative agreement to buy equity in Russian Forest Products in a deal that will allow the logging company to produce plywood and other products of greater added value than the logs it now exports chiefly to China.
