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Russian, Italian state funds agree investment deal, By Giselda Vagnoni and Stephen Jewkes, writing by Catherine Hornby; editing by Ralph Boulton Posted on Reuters

Reuters) – Russia’s state-backed private equity investment fund and Italy’s strategic state investment fund have agreed a deal to invest up to 1 billion euros ($1.35 billion) in companies and projects in the two countries, officials said on Monday. Fabrizio Pagani, a senior economic advisor for Prime Minister Enrico Letta, said the Russian Direct Investment Fund (RDIF) would sign the deal with the Italian fund at a bilateral summit in Trieste on Tuesday. Under the agreement the two funds will invest up to 500 million euros each. [Read More…]


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