Novus Ukraine to attract EUR 50mn for development over next 2 years.

By bne IntelliNews February 1, 2011
Novus Ukraine company, the chain of food supermarkets Novus, plans to attract EUR 50mn for their development over the next two years, a representative of the company said. According to him, the company is presently in negotiations with banks and funds. At the moment the chain is now developing only at expense of own funds, he noted. BT Invest is the investor of the construction and development of the Novus chain. BT Invest is a managing company headquartered in Lithuania. It was founded by former shareholders of the biggest Ukrainian producer of juices Sandora Ihor Bezzub and Raimondas Tumenas. BT Invest specializes in managing development and retailing assets; it has been developing the Novus chain since 2009.

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