RUSSIA: INVESTMENT- TEMPLETON BUYS INTO RETAILER PEREKRIOSTOK.(Templeton Strategic Emerging Markets Fund)(Brief Article)

From: IPR Strategic Business Information Database | Date: May 1, 2003 | Copyright information

Retail chain Perekriostok announced in a 23 April press release the sale of a 7.7 stake in the company to Templeton Strategic Emerging Markets Fund. According to the press release, the parties estimated the company's value at $240 million, suggesting that the stake cost Templeton $18.5 million. Perekriostok board Chairman Lev Khasis told "Kommersant" on 24 April that the deal is part of a larger plan: "It's important because we're planning an IPO [initial public offering]." Troika ...

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RUSSIA: INVESTMENT- TEMPLETON BUYS INTO RETAILER PEREKRIOSTOK.(Templeton Strategic Emerging Markets Fund)(Brief Article)
IPR Strategic Business Information Database ; Retail chain Perekriostok announced in a 23 April press release the sale of a 7.7 stake in the company to Templeton Strategic Emerging Markets Fund. According to the press release, the parties estimated the company's value at $240 million, suggesting that the stake cost Templeton $18.5 million.
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