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Fozzy Group to Invest USD 46 mln into Development by Yearend

Fozzy Group to Invest USD 46 mln into Development by Yearend

17 October 2008

Fozzy Group, one of Ukraine’s largest retailers, said yesterday in a press release that it plans to invest about USD 45.7 mln in development by the end of 2007. In particular, the group is targeting its Fozzy C&C hypermarket chain and restaurants as destinations for the financing. So far in 9M07, the company said it had invested about USD 82.4 mln (up 30.4% yoy).

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