MOSCOW TIME: 23.11.2019 00:18:24

Investments

Rusnano may attract $3.9 bln of private investment by 2023

Rusnano may attract $3.9 bln of private investment by 2023

Rusnano, according to the updated strategy, plans to attract private investment of 170 bln - 225 bln rubles ($2.9-3.9 bln) before 2023, CEO and Chairman of Rusnano Executive Board Anatoly Chubais told reporters.

"We have a goal for 2023 - to attract foreign investment in from 170 bln - 225 bln rubles ($2.9-3.9 bln)," he said.

The updated development strategy of Rusnano includes two development scenarios. According to one scenario, the existing business model involves investing in nanotechnology through the creation of new funds and will attract up to 150 bln rubles ($2.6 bln) of third-party investments by 2020 and up to 170 bln rubles ($2.89 bln) by 2023. Another scenario involves selling Rusnano management company to private investors - this will additionally attract 55 bln rubles ($955.74 mln) of foreign investments by 2023.

In general, the updated strategy of the state corporation shifts from volume indicators to quality ones, Chubais said.


Source: www.tass.com

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