Retail chain ATB purchases some stores of Barvinok retail chain

Retail chain ATB purchases some stores of Barvinok retail chain

The deal is expected to be completed by the end of 2016

An undisclosed investment banker, willing to remain anonymous, revealed that ATB plans to buy 17 of 27 stores belonging to Barvinok retail chain. The value of the deal stands at EUR 5-6mln. The deal comprises purchase of buildings, equipment and inventories. Barvinok operates in Western Ukraine mainly; hence ATB is aiming at entering the Western Ukraine. As of present, ATB opened three outlets in the largest cities of Lviv region, that is Lviv, Drohobych and Stryj. A year ago Evrotek associated with Mikhael Veselskiy bought out the retail chain of Barvinok from Polish Abris Capital for EUR 10-12mln. Prior to that, Abris Capital purchased the retail chain of Barvinok from Lviv based Intermarket in 2008. Back then, the retail chain operated 17 stores in Western Ukraine.

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