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).