# Schneider Electric and RDIF to invest $47M in Electroshield Samara

The Russian Direct Investment Fund (RDIF) and Schneider Electric have agreed to establish a joint venture to invest at least $47 million in Russian electrical equipment manufacturer Electroshield Samara. The investment will fund modernization and new equipment development.

- Type: Investment
- Announced: 2019-10-24
- Where: Samara, Russia, Russia
- Value: $47.0M
- Status: announced
- Products: electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (investor)
- [Russian Direct Investment Fund](https://endata.com/companies/5800.md) (investor)
- [Electroshield Samara](https://endata.com/companies/39931.md) (target)

## Sources

- [transformer-magazine.com](https://transformer-magazine.com/news/7011-schneider-electric-and-rdif-to-invest-in-electroshield-samara/), 2019-10-24: "RDIF and Schneider Electric have decided to invest no less than $47 M (RUB3 B) in the development of the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.