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Russian Retail Growth

Russian Retail Growth Fund (RRGF), , ( 2-) . RRGF ( 2007 , - $300 .) Svarog Capital Advisors ( Renova Capital, RRGF) . ( 23% ), . RRGF Spar, -, 60% - -.

2012 , . 2007 2 , : - , , . . 2014 - , RRGF . 30% , .

, RRGF, , Svarog : , 2012 . 30% , , .

RRGF , . , 2007 : 2006 $380 , 2010 - $760 . ( 2010 30,37 . $1). Svarog , . ( 70%) . , RRGF, . . $450-515 . ( $200 . EBITDA 2011 $65 .). RRGF $50 . 2007 , 21,4-27% .

- : EBITDA 3-4 2007- 2008 , . Spar: 2008-2009 . Spar - EBITDA - 4,5-5%, 2009 - X5 Retail Group, . Spar , .

2 5 2012 Svarog, $400 . RRGF, . , .


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