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RUSSIA - TPG to acquire Russian grocery stores chain Seventh Continent

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It is widely reported that US buyout firm Texas Pacific Group has agreed to acquire a controlling stake in Russian grocery stores chain Seventh Continent.

TPG is going to buy a controlling stake in 7K Investholding, the owner of 75% of Seventh Continent, and Mkapital, which owns the chain's real estate assets. The deal is expected to close in the next few months.
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