Sberbank Buys Grocer Vester

June 1, 2010

Sberbank Capital acquired a 51 percent stake in food retailer Vester, the grocery chain said Monday.

Vester, which runs 50 outlets in Russia, Kazakhstan and Belarus, will have the right to buy back the stake from Sberbank in 2013, the retailer said in a statement, without disclosing the terms of the transaction.

(Bloomberg)

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