A criminal investigation is opened against Vester Retail
Vester, a retail chain with 47 stores, is listed for sale at $250 mln (7.5 bln rubles).
Vester, a retail chain with 47 stores, is listed for sale at $250 mln (7.5 bln rubles). At the moment the retailer’s debt owed to products suppliers stretches since Q1 2012. Vester sales director Konstantin Semyonov assures the contractors to redeem the debt as soon as the company is sold. Meanwhile the retailer’s real estate started being re-executed onto other legal bodies, irrelevant to the products’ purchaser. As a result around 100 suppliers petitioned the arbitration court, which delivered a judgment in favour of the plaintiff.
Vester is controlled by a Netherland company; 54% of its shares were bought by Sberbank Capital in 2009. Share of Oleg Bolychev, Chairman of Vester Group, is insufficient to make any decision.
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