Sat, Nov 21 2009

EQUEST TO SELL FAMILIYA

Mon, Dec 03 2007 10:56 CET byRene Beekman 547 Views

Investment fund Equest would sell its retail chain Familiya and was in negotiations with four possible buyers, Geori Kroumov, the fund's managing partner, told Dnevnik daily.

The sales could be concluded any moment and with that, Equest would leave the retail business two years after it bought its first share in Familiya, Dnevnik daily said.

Since its start in 2000, the retail chain has changed owners, management format and concept several times. Kroumov told Dnevnik daily that negotiations were in advanced stages and would soon be finalised, without pointing out who would be the new owner.

Familiya was said to be in negotiation with three foreign and one Bulgarian potential buyer. The foreign companies were Estonian, German and Hungarian.

Currently, Familiya's retail chain comprises about 25 shops in Sofia, Dnevnik said. It uses mostly rented retail space.

Earlier this year, Serbian Delta Maxi bought a majority stake in retail chain Piccadilly. At the moment, Delta Maxi was in negotiations to buy the retail chain Hit, Dnevnik said.

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