PRESS RELEASE - St. Petersburg, May 24, 2018
The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation), CDC International Capital (CDC IC) and Olmix Group have signed a EUR 15m loan agreement on Thursday, 24th May 2018, at the St. Petersburg International Economic Forum in the presence of Russian President Mr Vladimir Putin and French President Mr Emmanuel Macron.
This loan is designed to support the increase of the Group’s production capacity in St. Petersburg, to expand its presence in Russia and the Commonwealth of Independent States and to introduce new product ranges into the Russian commercial market.
For Hervé Balusson, Olmix Group's CEO & Founder, “this partnership with CDC International Capital and RDIF represents a great opportunity for Olmix Group and a significant sign of trust in our no-pesticide and no-antibiotic solutions as well as our Aroma Health products based on the power of algae. It is a major milestone for Olmix as we look to investing significant resources in Russia and CIS’ countries to provide our consumers and farmers with innovative, value added and environmentally friendly products supporting sustainable development. Thanks to algae!”.
From left to right: José Iraburu (Aroma Health International Development Manager), Hervé Balusson (Olmix Group's CEO & Founder), Nicolas Pasanau (Olmix Group's Area Manager in Russia & CIS), and Clément Brochon (Financial Advisor Kivaldi).
About the Russian Direct Investment Fund (RDIF): The RDIF is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow.
About the CDC International Capital: The CDC IC is the investment arm of French Caisse des Dépôts Group dedicated to long term investments with sovereign wealth funds and large international institutional investors. CDC International Capital has developed a network of Middle Eastern, Russian, Asian and North American institutional partners and operates through various investment structures.
About Olmix Group - founded in 1995, Olmix Group is an innovative medium-sized company and a leader in the marine biotechnology space. It has developed complementary business lines in the following areas: Animal Care, Plant Care, Human Care. It has offices in 27 countries with over 800 employees. It distributes its products in over 100 countries with strong estimated growth over each continent. In 2017, the revenue of the Group totaled €154m.