Retail Group 10-25% stake sale could happen in 2 months
16 June 2009
The head of Retail Group’s (RTGR) supervisory council Roman Lunin said the company expects to sell a 10-25% stake in the company in the course of the next two months, Interfax reported yesterday. Proceeds from the sale will be used to payoff debt. Lunin had previously stated intentions to sell shares in the company to raise about USD 50-100 mln by July.
