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... buyer for Russian grocery chain Sedmoi Kontinent, Kommersant.ru reports. The purchase ... 15 years. After the purchase, Sedmoi Kontinent, owned by tycoon Alexander Zanadvorov ... comment. The payment for renting Sedmoi Kontinent’s shopping space may ...

Sedmoi Kontinent owner Alexander Zanadvorov has purchased ...

... X5, Magnit, Dixy Group and Sedmoi Kontinent. Victoria, which operates about 230 ...

The owner of Russian grocery chain Sedmoi Kontinent has agreed to sell 15% of the company in exchange for the restructuring of USD560 million in debt. Alexander Zanadvorov, who owns 74.8% of Sedmoi Kontinent, would relinquish part of his stake to French bank Natixis, Russia's Alfa-Bank and US investment fund Spinnaker Capital. The debt would be converted into eight-year bonds worth USD630 million. Sedmoi Kontinent declined to comment on the report. N