Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

VTB Capital has invested $50 million into a joint venture with Burger King
5.07.2012 16:18
VTB Capital has invested $50 million into a joint venture with Burger King

The investment bank VTB capital has invested $50 million into a share in a joint venture with Burger King in Russia, reports RIA News. VTB Capital has become the owner of 47.22 % of shares.

The Shokoladnitsa Coffee House net, owned by Alexander Kolobov, and  Burger King Europe, a European subsidiary of the American corporation, own minor shares.

VTB Capital is planning to invest $ 100 million into Burger King within three years according to the business plan, said earlier Tim Demchenko, the Head of Direct Investments of VTB Capital.

Burger King Russia has got an exclusive franchise in the territory of Russia for twenty years.

Burger King is the main rival of McDonald's and holds the second place in the world in selling burgers.

Author: Irina Fomina

Tags: Russian banks VTB bank    

Next Previous

You might also find interesting:

The Castro 10 (C10) Vessel has Started Preparatory Work on Laying Gas Pipes for the Nord Stream-2
Russian Retailers are Getting More Concerned about Environmental Issues
FIFA Fans Spent about 100 Billion Roubles in Russia
Costs of Digital Economy
Kaliningrad Region is the First in Terms of Involvement of the Population in Small Business

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Vasily Pushkin  Modern Art  Bolshoi Theatre  Russian society  Icarus Animation Award  Lev Trotsky  Ministry of Education and Science   Russian Cinema  Mercedes-Benz Fashion Week Russia  Russian Museum  Video Art  Exhibitions in Vladimir  Tver  Kostroma  Russian business  Ukraine crisis  Russian women  Sochi Olympic Games 2014  corruption in Russia  Festivals in Moscow  English Courtyard  Russian chess players  Kamila Kurbani  LGBT in Russia  Exhibitions in Moscow  Proton Therapy  Russian sports  Marshmallow Museum  Krasnoyarsk  Russian tourism  Republic of North Ossetia-Alania  Moscow  Statesmen  Pavel Durov  Russian customs  Russian history  Russian Literature  Alphaville  Russian mobile networks  Wrestling  Russian officials  Vladimir  Aleksey Leonov   Novocherkassk  Earth Hour  Russian schools  Russian social networks users  St. Petersburg  Moscow Region  Russia-USA 

Travel Blogs
Top Traveling Sites