Russian Internet retailer Ulmart is in talks with several funds on a private placement of about 15 percent of its shares, hoping to raise at least $150 million this year, the company’s chairman of the board and co-owner said on Thursday.

Dmitry Kostigin told Reuters in an interview at the St Petersburg International Economic Forum that he expects Ulmart’s 2015 sales to be $1.2- $1.3 billion and that sales could reach $3-4 billion in 2016.


(Reporting by Maria Kiselyova and Olga Sichkar, Writing by Lidia Kelly, Editing by Timothy Heritage)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲