Credit Bank of Moscow holder buys 69% in Pharmacy Chain A5

MOSCOW, Dec 25 (PRIME) -- Roman Avdeyev, the majority shareholder of the Credit Bank of Moscow, has purchased a 68.75% stake in Pharmacy Chain A5, Roman Buzdalin, one of the chain’s former shareholders, told PRIME on Friday.

Buzdalin and Sergei Solodov, who owned a controlling stake in Pharmacy Chain A5, sold their stake in the company to Adveyev’s holding Rossium, Buzdalin said declining to comment on details of the deal.

Media reported earlier that Pharmacy Chain 36.6 and Pharmacy Chain A5 can merge soon. At the first stage of the merger, A5’s co-founders Buzdalin and Solodov were to sell their 68.75% stake in the company to Avdeyev’s companies, while Avdeyev was later to unite the two chains jointly with investment fund Baring Vostok, which will remain with a 31.25% stake in A5.

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