01 June 2004 22:40
Latvia`s Parex Bank acquires 5.29% of Wimm-Bill-Dann
MOSCOW. June 1 (Interfax) - Latvia's Parex Bank acquired 5.29% of the shares in Russian diary and juice giant
Wimm-Bill-Dann Foods (WBD).
WBD said the block was most recently owned by the Cyprus-registered I.M. Arteks Holdings Limited. Prior to March
2003, the block belonged to Alexander Timokhins, a private investor, who sold it on to Britain's Burlington
Investments Limited. The British company then sold the shares to I.M. Arteks Holdings. The block, originally 6.28%,
decreased to 5.29% while it changed hands.
WBD, set up in 1992, was the first Russian food company to get a listing on the New York Stock Exchange. The company
placed a Eurobond issue of $150 million in the spring of last year. [RU ASIA EUROPE EEU EMRG FOD BNK STX LV GVD] pr
[Interfax] |
RUSSIA IN FACTS
