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Business    

Retail Group sells 10% of its Velyka Kyshenia supermarkets
Journal Staff Report

KIEV, Dec. 27 ??“ Retail Group, which runs the Velyka Kyshenia supermarket chain and owns 100% of its stocks, has sold 10% of the stocks for $27.5 million with the assistance of the investment company Dragon Capital, the organizer of the deal and agent for the placement of the stocks, Retail Group Chairman Roman Lunin and Managing Director of Dragon Capital Tomas Fiala said at a press conference at Interfax-Ukraine on Friday.

According to Fiala, the buyers of the Retail Group's stockholding who became co-owners of the Velyka Kyshenia chain, were eight foreign investors, including Julius Baer (the overall sum of assets in management is ?100 billion), DWS (part of Deutsche Bank, ?108 billion) and East Capital (?2 billion). Other investors' names are not disclosed. Demand topped the offer by more than threefold.




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