One of Victoria founders selling DIXY shares for $50 mln
MOSCOW. Oct 31 (Interfax) - Alexander Zaribko, one of the founders of the Victoria retail chain, is selling shares in DIXY Group , which he received as a result of the retailers' merger last year, for at least $50 million, two financial market sources told Interfax.
According to one of the sources, the bid book for the shares was signed off at a price of 305 rubles each. On Tuesday, the final deal in DIXY stock was made at 331 rubles. On Wednesday, the retailer's stock prices were down to 316.25 rubles.
Prior to the transaction with DIXY, Zaribko owned 29% of Victoria shares, Nikolai Vlasenko had 37.4% and Vladimir Katsman owned 27.5%. In total, they received 13.1% of DIXY.
Therefore, Zaribko owns some 4% of the merged company.
DIXY Group manages a chain of DIXY convenience stores, Megamart hypermarkets and Minimart supermarkets. Last year it bought Victoria, which includes the Kvartal, Deshevo and Semeynaya kopilka convenience stores and the Victoria supermarkets.
By the end of September, DIXY Group was managing 1,343 stores, including 1,172 DIXY convenience stores, 115 Kvartal and Deshevo discount stores, 26 Victoria supermarkets, 11 Minimarts, 18 Megamarts and a cash & carry store.
In 2011, DIXY generated 102.3 billion rubles in revenue. Its revenue totaled 106.7 billion rubles in January-September 2012.
DIXY's charter capital consists of 124.75 million ordinary shares. Igor Kesayev's Mercury Group owns a controlling stake in the group (54.42%) through Dixy Holding Limited.