# RDIF and Schneider Electric form JV based on Elektroshchit Samara assets

Russian Direct Investment Fund (RDIF) and Schneider Electric formed a joint venture based on the assets of Elektroshchit Samara, with over 3 billion rubles in investments for modernization.

- Type: Partnership
- Announced: 2020-05-18
- Where: Russia
- Value: $41.0M (3.00B RUB)
- Status: announced
- Products: electrical distribution equipment, transformer substations
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (partner)
- [Russian Direct Investment Fund](https://endata.com/companies/5800.md) (partner)
- [Elektroshchit Samara](https://endata.com/companies/47306.md) (target)

## Sources

- [ruscable.ru](https://www.ruscable.ru/news/2020/05/18/RFPI_i_Schneider_Electric_sformirovali_SP_na_baze_/), 2020-05-18: "РФПИ и компания Schneider Electric сформировали совместное предприятие, созданное на базе активов компании 'Электрощит Самара'."

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