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

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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...

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