Capital Times acted as a sole financial advisor in the attraction of strategic partner for the food retail chain NELLY (Mozyr, Belarus) – the food chain Euroopt (Belarus), by selling the rights of long-term lease. Amount of the transaction is not disclosed. About group of companies Nelly:
The group was found in 1992. It includes the largest regional chain of retail trade Nelly, which includes a network of 10 stores, network of drugstores Nelly-Farmo and radio Nelly-Info.
Web-site: closed after transaction About holding Euroopt:
Eurotorg LLC (the trade mark Euroopt) is one of the largest Belarussian food market operators today which work in low-cost segment. The company operates since 1993. Retail chain consists of the largest in Republic of Belarus hypermarket (11, 000 sq. m.) and 20 stores (trade area from 200 to 1,500 sq. m.). The company plans to increase the amount of Euroopt stores up to 55 across the country by the end of 2010. The company has well-established business partnerships with Belarussian manufacturers and with suppliers from more than 40 countries of near and far abroad.
The Holding Euroopt includes one of the largest Belarussian food market traders – Eurotorg LTD, CJSC "Minsk factory of grape wines" (the largest grape wines manufacturer in Republic of Belarus which holds Ambassador trade mark) and JLTD "Minsk melkombinat" (Minsk region, production of a flour and grain products).