| Russia-China Investment Fund (RKIF) has reached an agreement in principle to invest in the company, “Children’s World”, is a major player in the sector of specialized network of trade in goods for children in Russia. To date, 100% of the share capital of the company is controlled by AFK “System”. Created by the Russian Direct Investment Fund and China Investment Corporation,RKIF focuses on cross-border transactions.
Under the deal, a large part of the proceeds will be directed to further development, in particular, the opening of new stores and the construction of additional logistics centers, which will significantly improve the operational efficiency of the company, which has the largest network of children’s goods in Russia...............................................Full Article: Source
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