You are here

Fridman's L1 Retail to buy Holland & Barrett for £1.77b

Tuesday, June 27, 2017 - 05:50

BT_20170627_KYHOLLAND_2952299.jpg
Since selling out of oil company TNK-BP to Russia's Rosneft in 2013, Mr Fridman and his partners have largely sought to invest outside Russia.

London

RUSSIAN billionaire Mikhail Fridman's L1 Retail has agreed to buy Britain's Holland & Barrett for £1.77 billion (S$3.13 billion) in its first acquisition, betting on continued growth and expansion abroad for the health foods chain.

L1 Retail, part of Fridman's empire

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom