Russian Direct Investment Fund Expects To Close Deal On Novomet Share Acquisition Soon

Russian Direct Investment Fund Expects to Close Deal on Novomet Share Acquisition Soon

The Russian Direct Investment Fund (RDIF) expects to complete the deal with the Saudi state oil company Saudi Aramco on the acquisition of shares in Russia's Novomet oil production equipment manufacturer in the near future, RDIF Chief Executive Officer (CEO) Kirill Dmitriev said

SOCHI (UrduPoint News / Sputnik - 15th March, 2019) The Russian Direct Investment Fund (RDIF) expects to complete the deal with the Saudi state oil company Saudi Aramco on the acquisition of shares in Russia's Novomet oil production equipment manufacturer in the near future, RDIF Chief Executive Officer (CEO) Kirill Dmitriev said.

"As for Novomet .. we have filed an application to [Federal Antimonopoly Service] FAS, we are expecting [the deal] to be closed in the near future," Dmitriev told reporters.

Novomet Group is one of Russia's leading manufacturers of submersible equipment for the needs of the oil industry.

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