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10.72% share in Russian beauty/personal care business
October 12, 2009
By: TOM BRANNA
Editor
UniCredit Bank Austria AG has acquired a 10.72% stakein Russian cosmetics and personal care products company Kalina. Kalina’s operationsinclude Pallada Ukraine,GlavskazkaInternational (Russia), Dr. Scheller Beauty Center (Russia),Kalina OverseasHoldingB.V. (The Netherlands) and Kalina International SA (Switzerland). The company also owns a controlling stake in Dr. SchellerCosmetics AG.
In August, Kalina reported that sales for the first half of 2009 rose 24.3% and gross profits jumped 12% compared to the same period in 2008.
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