Oleg Tinkov, owner of beer restaurant Tinkoff, announced Friday that he was about to sell his share in the restaurant to Mint Capital.
“We’ll close it [the deal] in two or three days,” he said, Interfax reported. He did not disclose the deal’s price.
A spokesperson for Mint Capital confirmed that the firm was in talks with Tinkov, but would not disclose any other details.
Tinkov announced his plans to sell his restaurant business earlier in August, posting the offer in his blog.
“My restaurant business is 11 years old now. I’m bored with it,” the 41-year-old restaurateur said via his Twitter account. “I want to sell my share — [which equals] approximately 70 percent, including the brand name.”
Tinkov asked interested parties to send offers to his LiveJournal account, but it was not clear whether the major Scandinavian company contacted him that way.
The Tinkoff chain consists of nine restaurants located in 10 cities throughout the country.
It is not known how much Tinkov’s stake is worth. In 2008, the businessman sold a 25 percent share in the business to a Danish company for $10 million and estimated the value of his chain at $25 million in 2007.
The businessman opened his first Tinkoff restaurant in 2001, along with a beer brand that he sold to Sun InBev for $201 million in 2005.