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REWE GROUP looks at small acquisition in Russia
According to press informations Billa,Austrian unit of Germany's second-largest food retailer REWE Group, has agreed to buy Russian retail chain Nyam-Nyam for $100 million.
Vedomosti, business daily reported that the deal could be closed
at the beginning of September, citing sources from the two Russian
firms that had also bid for Nyam-Nyam. But representative of Rewe
didn't want to answer the question jet.
Nyam-Nyam has 12 retail outlets in Moscow and is preparing to open
two more, according to its Web site.
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