10.09.2014 - Russia-China investment fund buys stake in retailer Detsky Mir
The Russia-China Investment Fund (RCIF) said on Tuesday it had agreed to buy a minority stake in Russian children's goods retailer Detsky Mir, controlled by oil-to-telecoms conglomerate Sistema. RCIF, a joint venture between Russia Direct Investment Fund (RDIF) and China Investment Corp (CIC), said the bulk of the funds will be used by Detsky Mir to fund its expansion, including the opening of new shops and construction of additional logistics centres...............................................Full Article: Source
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