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UKTI and RDIF Sign Investment Opportunities in Russia Agreement

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The press release states, “UK Trade and Investment has today signed an agreement with the Russian Direct Investment Fund to co-operate in promoting Russian direct investment opportunities to UK based private equity and corporate investors.

The signing, by Lord Green, Minister for Trade & Investment, and Kirill Dmitriev, Chief Executive Officer of RDIF was made during Prime Minister David Cameron’s visit to Russia and took place at the Kremlin in front of President Medvedev and Mr Cameron.

Deals worth £215million were signed during the visit as well as agreements to co-operate between businesses, academia and governments.

UKTI and RDIF will jointly hold an investment conference later this year to present RDIF’s aims, objectives and investment opportunities to the British investment community.

Lord Green said: “Today’s signing is an important step in deepening even further the investment relationship between the UK and Russia.”

“There are undoubtedly huge opportunities for British funds to invest in Russia but also for Russian companies to seek investment opportunities in the UK.”

Kirill Dmitriev, Chief Executive Officer of RDIF, said:

“We are delighted that the Russian Direct Investment Fund has generated such strong support from UKTI and the British government. There are indeed huge opportunities for British firms to invest in Russia’s dynamic and rapidly growing economy, and a strong relationship between RDIF and our British partners will help facilitate that.”

Britain is the third largest foreign investor in Russia with an stock of £10bn. UK goods exports to Russia increased by 51 per cent in 2010 to £3.5bn and increased by 63 per cent to £2.1billion in the first six months of this year.”

Read more: RDIF Press Release

Mergermarket Gets Ready to be Sold

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Private equity firm BC Partners hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to advise on the sales of Acuris. Acuris is a collection of financial news and data sites, which includes Mergermarket, Dealreporter, and Debtwire. In 2017, BC Partners sold around a 30% stake in GIC Private Limited.

Before the rebranding to Acuris, Mergermarket was part of The Financial Times Group until 2013 when it was sold off to BC Partners.

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Why Japan Post Sees Promise in Aflac

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Aflac Inc. is an American insurance company founded in 1955. The company is the biggest provider of supplemental insurance in the United States. Aflac also has major operations in Japan.

In December 2018, Japan Post Holdings (JPHLF) signaled it was spending US$ 2.64 billion for a 7-8 % stake in Aflac. The goal is that, in four years time, Aflac will become an affiliate of Japan Post. Japan Post hopes to accomplish this by becoming the largest voting shareholder of the company. The world’s 13th largest company, with 400,000 employees, Japan Post needs to expand to chase further growth, mainly because Japan Post expects the postal business to decline. Diversification is seen as the optimal route to long term stability for the holding company. Japan’s economy is worrying. Japan’s aging population means that many insurance companies are facing a shrinking customer base, Japan Post settled on a plan to expand overseas.

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RDIF and Development Agency of Serbia Agree to Explore Joint Investments

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The Russian Direct Investment Fund (RDIF) and the Development Agency of Serbia, also known as Razvojna agencija Srbije, reached an agreement to work together to identify attractive investment projects to strengthen bilateral economic ties and increase investment flows between Russia and Serbia. Russian capital and businesses are keen on investing in Serbia.

In addition, the two countries signed an agreement to cooperate on civil nuclear energy, according to state-owned Russian reactor builder Rosatom (Rosatom State Nuclear Energy Corporation). Rosatom continues to expand it business of nuclear cooperation deals in a wide number of countries.

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