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.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss