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Monday, June 4, 2007

Karavan Sells Stake For Next Steps

Many of you know one of the leading retailer in Ukraine - Karavan Megastore. There is one not wide-open news about development of its business.

Renaissance Capital, well-known investment banker, set as a lead manager for Karavan's share private placement among international portfolio investors. Actually it was done for Karavan Real Estate Limited, which is main holding company of the group.

Total amount of issue is USD 55 mln. So, looking out of Karavan's expansion strategy, we should wait new shopping centers and new sities for them.