Russian Direct Investment Fund pens second deal

The $10bn Russian state-backed vehicle and a consortium of investors have acquired a stake in energy company Enel OGK-5, in a deal potentially worth $750m.

The Russian Direct Investment Fund (RDIF) and a consortium of investors including Xenon Capital Partners’ Rusenergo Fund and the Macquarie Renaissance Infrastructure Fund have acquired a 26.4 percent stake in power company Enel OGK-5 from Russian energy group InterRao.

The deal is the government-backed vehicle’s second deal since its creation last year.

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