VTB Bank sold part of its stake in 16,62% of the fast food chain in Russia, Burger King Russia (Cyprus) Ltd Cyprus company Xomeric Holdings Ltd, which is now its largest shareholder. On Tuesday according to RBC with reference to the documents of the Cyprus commercial registry representative and a press-service VTB.
As the newspaper notes, about the pending deal, VTB reported in the published in the February statements. The seller of the shares of the company were registered on the island of Guernsey in the English channel company, Golden Star Investment Limited. After the transaction in the possession of VTB remained the share of Russian Burger King in the amount of 19,98%. Share Xomeric made up of 35.02% vs. 18.4% to the acquisition of the company.
"Under existing agreements a priority right to repurchase shares granted to current shareholders. We implemented part-owned stake in Burger King when reaching the target for us is the level of IRR of 40% per annum," - said RBC in the press service of VTB.
As found RBC, of the Cypriot documents that Xomeric refers to a Ukrainian investment company ICU Holdings Limited, registered in the British virgin Islands. According to the documents, the ICU belongs to the Ukrainian Bank "Avangard" and the owners of the investment company are Makar Pasenyuk and Konstantin Stetsenko.
Representatives of VTB and ICU refused to comment on the structure Xomeric and its relationship with Burger King.
Translated by service "Yandex.Translation"