The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund), Mubadala Investment Company and other partners will invest in Russian personal care goods producer ZetTek, RDIF informed.
"Investments made by RDIF and partners will enable the company to increase its production volumes and meet the growing needs of the Russian market, as well as expand the product line in future," Kirill Dmitriev, CEO of the Russian Direct Investment Fund, was quoted as saying in the statement.
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF's management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling more than RUB2 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia's GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn.
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala's $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.
ZetTek is the first manufacturer of wet wipes and hygiene products on the Russian market since 1995. Today it is a leading manufacturer of wet wipes, wet toilet paper and soap under private brands for large Russian and foreign retailers. The company specializes in the production of hygiene products that meet European standards.
