26 May 2004 03:47
EBRD sells Pyaterochka stock packet
MOSCOW. May 26 (Interfax) - The regional ventures fund Berkeley Capital Partners I, financed by the European Bank for
Reconstruction and Development (EBRD) and European Union, has sold its stock interest in Russian trade chain Pyaterochka
to an as-yet-unnamed international financial investor.
No details of the deal have been released.
Pyaterochka now has more than 300 outfits in its chain. The company
Berkeley Capital Partners I has reported in a press release that it had invested in Pyaterochka back in 2001, since
which time the company has expanded ten-fold to become one of Russia's biggest such chains - with $933 million in
turnover in 2003. International auditing shows that its own stores posted net sales totaling more than 80% of that
turnover.
expects to see turnover of $1.4 million in 2004. [RU EUROPE EEU ASIA EMRG RET CORA WEU BNK FUND MRG STX] cf
[Interfax] |
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