Generations Fund to invest $ 600 million in Rusagro's projects
10 September 2018
Generations Fund (GenFund) will invest $ 600 million in the project of the Rusagro Group, the third largest pig producer in Russia in 2017. Within the framework of the project, it is planned to expand the production of pork and dairy products, up to 1 million tonnes each. The total cost of the project for construction of the pig cluster amounts to RUB 27.7 billion ($ 397.88 million) of which RUB 12 billion ($ 172.7 million) were already invested in 2016-2017. GenFund was created in summer 2018 by a pool of Asian investors with an initial capital of $ 2 billion and a target capital of $ 20 billion. The fund's strategy is to invest in international projects under the "One belt, One road" initiative.