EBRD and RDIF Invest in Cotton Way
Russia-based Cotton Way, an industrial laundry and textile rental service company, will receive 3.6 billion rubles (US$ 106.7 million) of investment from the European Bank for Reconstruction and Development (EBRD) and the Russian Direct Investment Fund (RDIF). Each institutional investor will contribute 50%.
Cotton Way has 12 manufacturing units and 30 warehouse units across Russia. The laundry service company provides services to corporations like Russian Railways, the Ministry of Defence, as well as hospitals and hotels. Cotton Way has constructed the biggest commercial laundry facility at the Sochi Olympic site – providing linen for the athlete’s village.
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