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04.10.2018 | 12:42

Fridman sells Morshynska producer

Fridman will sell Morshynska producer to Nestle or Coca-Cola

Mikhail Fridman's Alfa Group, which bought control stake in IDS Borjomi, one of the largest waters producer, from Borys Berezovski and Badri Patarkatsishvili's heritors in 2013, negotiates sale of this business.

It was reported by Kommersant.

Coca-Cola expresses interest to buy IDS Borjomi but the most closer to buy the waters producer is Nestle. The deal, which experts evaluate at amount up to USD 630 million, will let the latter company to return Sviatoy Istochnik brand occupying almost 10% of Russian market. 

As to one of the sources, the deal with Nestle is almost agreed. From the very beginning, Fridman intended to sell IDS Borjomi to Nestle, as to top manager of Russian waters producer. 

The other source says Coca-Cola is also the party to negotiations. The source that is close to negotiations process confirmed interest of the company to IDS Borjomi. Nestle and Coca-Cola refused to comment. 

IDS Borjomi is one of largest bottle water producers in Eurasia. It manges nine plants in Ukraine, Russia and Georgia. Brands portfolio includes Borjomi, Sviatoy Istochnik and Morshynska.

In 2017, the company's sales amounted to about USD 1.5 billion. 

In 2013, Alfa Group bought the control stake in IDS Borjomi from  Salford Capital Partners Inc., which is close to Boris Berezovski and his busines partner Badri Patarkatsishvili's heritors. The company managed 87.34% in IDS Borjomi via VDP fund. 

As to Forbes, Alfa Group received 55.8% in IDS Borjomi, Patarkatsishvili's heritors owned 37.2%, the rest possessed minority shareholders in Ukraine and Georgia. 

The sources of Forbes evaluated 100% in IDS Borjomi at about USD 500 million as on the date of deal conclusion, consequently 55.8% of the company could cost about USD 280 million. 

References in the article: mykhail fridman, coca-cola, nestle, morshynska
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