The Russian Direct Investment Fund (RDIF) has attracted a consortium of international investors from the Middle East and China to invest in Sodrugestvo, an integrated agricultural processor and trader.
Sodrugestvo has revenues of around USD2.0bn in 2013. In the event the transaction is completed, the funds will be used to finance geographical expansion, as well as further vertical integration.
Sodrugestvo is a supplier of soybean meal in Russia. The company also processes rapeseed, trades agricultural commodities and operates logistics, warehousing and port infrastructure business units. Sodrugestvo is incorporated in Luxembourg and has operations in Russia, CIS, Brazil, Northern Europe, Mediterranean and the Middle East.
Kirill Dmitriev, CEO of RDIF, says: “Sodrugestvo is a high growth company, with revenues increasing eightfold since 2005. The fact that RDIF established the consortium is a clear signal that international capital remains available for high quality Russian companies. RDIF’s investment will support expansion across both the supply chain and international markets to increase the company’s global competitiveness.”
