Russian billionaire to buy European retailer Holland & Barrett for $2.3b

Russian billionaire to buy European retailer Holland & Barrett for $2.3b

X5 Retail Group NV's Perekrestok hypermarket in Moscow, controlled by billionaire Mikhail Fridman. Photographer: Andrey Rudakov/Bloomberg

Russian billionaire Mikhail Fridman’s investment vehicle agreed to buy Holland & Barrett for about 1.8 billion pounds ($2.3 billion), gaining one of Europe’s largest health-food retail chains in its first retailing acquisition.

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