Thursday, July 19, 2007

UPDATE 1-TPG plans to buy control in Russian grocer -paper

(Reuters) - The newspaper quoted sources close to Seventh Continent as
saying TPG, from the United States, would be prepared to invest
another $5-$7 billion in the chain over the next decade if the
deal goes ahead.




The deal, to buy 50 percent of the holding company that owns
75 percent of Seventh Continent, might close on Sept. 3. The
sellers would be the main owners of the chain, Vladimir Gruzdev
and Alexander Zanadvorov, Kommersant said.


Read more at Reuters.com Mergers News

No comments: