Nickors Limited acquires 23% of Rosinter shares
MOSCOW. Feb 9 (Interfax) - Belize-based Nickors Limited has acquired 23.11% of shares in OJSC Rosinter Restaurants Holding , Rosinter said in a statement.
Nickors owns 3,767,812 shares of Rosinter. Prior to the deal, the company did not own any shares in Rosinter.
"I think this is a financial [investor]," the founder and main owner of Rosinter, Rostislav Ordovsky-Tanaevsky Blanco, told journalists. "There are no strategic investors on our market," he said.
Blanco added that Nickors' beneficiary was "initially not from Russia," but has had a presence on the Russian market for many years.
He added that Rosinter was interested in developing franchising, joint projects and "financial unions" since loans for financing development have become expensive.
Rosinter is not planning to leave the stock market. "This is a question [on delisting] that is asked very often at the board of directors. For now we're going to keep [shares on the exchange]. Still, this was expensive and it brought us a lot. Really, this doesn't offer much now," Blanco said.
As of 5:40 p.m Moscow time on Friday, one Rosinter share cost 74.4 rubles on the Moscow Exchange . Capitalization totals 1.2 billion rubles.
After the company issued shares in 2008, one share cost 985.5 rubles and capitalization peaked at 16 billion rubles.
According to current prices, the 23.11% stake Nickors acquired is valued at 280.3 million rubles.
Rosinter's charter capital is divided into 16,305,334 shares, and 45.2% of shares belong to Cyprus-based RIG Restaurants, in which Rostik International C. A. owns 88.7% of shares. Blanco is Rostik International's only shareholder.
Rosinter develops its own restaurant brands IL Patio and Planet Sushi, as well as restaurants and cafes under licenses with T.G.I. Friday's and Costa Coffee.