Siberia | Retail, FMCG

$30m Top-Kniga sells part of business

29 Jan '10
The founder and the major shareholder of Novosibirsk-based book retailer Top-Kniga Georgy Lyamin, who owns 19% in the company, intends to sell part of the business, Kommersant reports.

Mr. Lyamin is reportedly considering selling either blocking stake of 25% +1 share, or controlling stake of 50% + 1 share.

Mr. Lyamin wouldnt disclose potential buyers, business cost and deal finalization timeframes.

Experts estimate total cost of the business at $30m.
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