Virgin invests in Russian environmental vehicle

As reported by Reuters (31 October 2012), Richard Branson’s Virgin Group has formed a USD 200 million investment fund together with Russia’s state-controlled nano-technology corporation Rusnano. The VGF Emerging Market Growth fund will invest in mid-cap companies operating i the resource efficiency, consumer sustainability and renewable energy sectors.

Branson also says that Virgin Group may end up investing about USD 1 billion in Russia and stresses the company’s aspirations to establish a mobile phone company in Russia.

 

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