Thailand’s CP Foods, RDIF to invest $1 bln in dairy complex

A consortium comprising of Thai conglomerate Charoen Pokphand Group (C.P. Group), China’s Banner Infant Dairy Products (Banner Dairy) and the Russian Direct Investment Fund (RDIF) will invest about $1 billion for the establishment of a dairy complex in Russia, RFID said on May 18.

The complex, which will be Russia's largest integrated dairy complex, will be located in the Ryazan Region.

A memorandum to establish the complex was signed on May 18 in St. Petersburg in the presence of Russian Prime Minister Dmitry Medvedev and his Thai counterpart Prayuth Chan-ocha.  

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