Friday SWFI News Roundup, June 17, 2016
RDIF Leads Investors in Russian Helicopters
The Russian Direct Investment Fund (RDIF) and a number of Middle Eastern funds have agreed to co-invest in Russian Helicopters. Under the agreement, the parties will invest up to US$ 600 million in the company. Upon completion of the transaction, the investor consortium will hold up to 25% of the share capital of Russian Helicopters. Russian Helicopters was formed in 2007 and is part of Rostec Corporation, a major Russian industrial company involved with the country’s military.
RDIF to Back Medical Robots
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