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:

Microsoft and Partners will Help Russian Startups Enter the International Market
Capsula Clothing Startup Got Investment From YellowRockets
IKEA Launches a Joint Project with Social Entrepreneur Guzel Sanzhapova
Sberbank has launched its SberMarket product delivery service
A Bill on Limiting the Removal of Children from the Family has been Submitted to the State Duma

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
travel to Russia  historical festival  Liberal Democrats  Exhibitions in Moscow  Sochi 2014  Oleg Tabakov  Russian sports  St. Petersburg  internet access  Russian Toys  Red Line  Vsevolzhsk   Arkhangelsk region  Russian writers  Russian regions  Russin cinema  March of Millions  Russia international  Jazz Summer Festival  External Debt  Maykop  Love for the Space  Ivan Bunin  Russian beaches  Learned Cat   physics  Festivals in Moscow  skiing in Russia  Russian casino  Bashkiria  Russian business  Russian Cinema  Kulikovo Field  Nature Reserves  Russian tourism  Sochi Games   Russian companies  VTB  Mercedes-Benz Fashion Week Russia  Moscow  Russian artists  State Duma  Jerusalem  Yandex  pharmaceutical industry in Russia  Zapadnaya Dvina  Events in Moscow  Resources  Ryazan  Aeroflot 

Travel Blogs
Top Traveling Sites