The co-owners of Invest AG and the founders of the Evraz metallurgical holding, billionaires Alexander Abramov and Alexander Frolov, agreed to exit the capital of ABC of Taste. This was reported by the Vedomosti newspaper, referring to the retailer’s materials for investors.
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The new shareholder and investor of the company will be JSC Bavero Group. The beneficiaries of this JSC are not disclosed.
It is reported that 39.6% of the shares previously owned by the consortium formed by Invest AG and Roman Abramovich’s Millhouse now belong to “Russian investment funds.” Another 17.2% belongs to Oleg Lytkin and 3.1% to the management.
Azbuka Vkusa is managed by Gorodskoy Supermarket LLC. In 2023, this legal entity increased its income under the RAS by 10.9%, up to 86.3 billion rubles. The company made a net profit of 812 million rubles, compared to a loss the previous year of 952.9 million rubles.
Azbuka Vkusa operates 168 stores in Moscow and St. Petersburg, its total retail area is 100 thousand square meters. According to Infoline, in 2023 the chain ranked 20th in terms of revenue among Russian food retailers.
Alexander Abramov and Alexander Frolov are business partners of Roman Abramovich, founders and beneficiaries of the Evraz metallurgical company, which also controls the Raspadskaya coal company.
Author:
Anastasia Marina
Source: RB
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