RUSSIA: Pyatyorochka sells shares to EBRD to fund expansion
St. Petersburg's largest supermarket chain, Pyatyorochka, has sold a blocking package of shares to the European Bank for Reconstruction and Development (EBRD) for an undisclosed amount. Analysts anticipate the price of the share package to be around US$40m, but Pyatyorochka's press secretary, Sergei Moskvin, said that further details of the deal would not be released until next year.
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