Centrobuv planning 12 bln rubles in debut bond issues
MOSCOW. Dec 19 (Interfax) - CJSC Trading House Centrobuv plans to place bond issues one through four worth a combined 12 billion rubles, the company said in a statement.
Bond issues one and two each come to 3 billion rubles, third issue - 4 billion rubles, and fourth issue - 2 billion rubles.
All issues will mature over five-year periods. The bonds are being placed by open subscription. Each bond comes to 1,000 rubles at face value.
It was earlier reported that Russia's Federal Antimonopoly Service (FAS) allowed one of the owners of Centrobuv in late November to consolidate 100% in the company. The FAS approved an application from U.S. citizen Anatoly Gurevich to acquire the rights allowing him to manage LLC CentrO and CJSC Trading House Centrobuv through the acquisition of 100% of the voting shares in the company Falcon Productions.
LLC CentrO engages in the wholesale trade of clothing and footwear while CJSC Trading House Centrobuv operates in the retail sale of shoes, the FAS said in a statement.
According to the SPARK database, Gurevich, as well as Dmitry Svetlov, are the coowners of the CJSC (according to EGRUL and Rosstat, the owner is Cyprus-based company Platsiya Consulting). The LLC is owned by Platsiya Consulting (according to Rosstat).
According to the Russian daily Kommersant, the Centrobuv has seven coowners, including the founders of the Kopeyka grocery chain, Sergei Lomakin and Artem Khachatrian (as of the end of 2009, both held around 33% in the retail's charter capital). The main owners in Centrobuv are believed to be Lomakin and Gurevich.
It was earlier reported that Centrobuv is mulling the option of holding an IPO on a foreign markets. Lomakin earlier told Interfax that a decision to hold an IPO would be made at the end of 2011. The Hong Kong and London Stock Exchanges are under consideration for the IPO, he said.
Centrobuv is the leading footwear chain in Russia, which has been on the market for over 15 years. The retail develops two chain formats: the first the Centrobuv brand and "fast fashion" under the Centro brand.
The company's sales revenue for 2010 came to $720 million, which was a 37% increase from 2009. According to Centrobuv's 2011 forecast, sales should increase by almost 45%. The company sold 26.4 million pairs of shores in 2010. Sales in 2011 should increase to 34 million pairs.
