The investment Fund Mikhail Fridman is going to buy Holland & Barrett, told the Financial Times

© RIA Novosti / Ilya Petliurite in fotobanka Friedman. Archival photoThe investment Fund Mikhail Fridman is going to buy Holland & Barrett, told the Financial Times© RIA Novosti / Ilya Petliurite the image Bank

The investment Fund of Russian billionaire Mikhail Fridman’s LetterOne intends to buy a controlling stake in one of the largest companies in the UK trade supplements and vitamins for 1.8 billion pounds, said on Sunday the Financial Times.

The chain comprises 1 thousand 150 branches, of which in the UK is about half of the remaining stores located in China, the Netherlands and the UAE. It is reported that the purchase will be first launched last year, the firm LetterOne Retail, which is part of the Friedman holding.

Sales of Holland & Barrett in 2016 amounted to 610 million pounds, profit before interest, taxes, depreciation and amortization – 150 million pounds.

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