Russian Forest Products is the target company that will receive what could be a more than $200 million injection from the Russia-China Investment Fund, marking the first investment by the joint sovereign fund.
Details of the deal involving Russia’s second-largest logging company will be released in a statement by the fund at the Asia-Pacific Economic Cooperation forum in Vladivostok on Friday.
The fund will announce that it reached a tentative agreement to buy equity in Russia Forest Products in a deal that will allow the logging company to produce plywood and other products of greater added value than the logs it now exports chiefly to China.
