CD Country seeks money

CD Land company. In talks with investment funds "Alfa Capital Partners," and Mint Capital Audio visual distributor need investment for business expansion - CD Country plans to do film distribution. CD Land company is in talks to sell 50% of its shares in the investment fund. About them, "Vedomosti", said a source close to the negotiations. This information was confirmed as other market participants, who asked for anonymity. Expressed as one of the interlocutors "Vedomosti", the interest in the company CD Country Russian "Alfa Capital Partners," and Swedish fund Mint Capital. The negotiations are to December 2006, and the amount of the transaction could be $ 10-15 million CD Country President Yuri Zeitlin was worthwhile to confirm or refute the information about the talks President CD Country Zeitlin Yuri refused to confirm or deny the information on the negotiations, was taken the same position and Mint Capital Investments Manager George Kolpachev. "Basically, we are interested in the industry," - he promised. Foundation really interested retail projects in Russia. For example, last year he bought for $ 6.1 million, blocking Maratex that Russia and Ukraine is one of 20 branches Esprit, Lulu, and peacocks. While Zeitlin not hide that the company is looking for a strategic investor for the business expansion. According to him, CD Land in the near future except DVD sales have plans to buy the rights to movies, both in Russia and abroad. "We are planning to do movie rental, sale of television rights and possibly the film industry," - said Zeitlin. According to the Chairman of the Board of Directors of "The Union" Alexandra Menna, CD Land today is about 20% of the music CD, and up to 10% of the DVD. Zeitlin assesses the company's shares in the market for audiovisual media in 30%. CD Country - distributor of audio and video products. On the market since 1997, the company is a record label CD Land Records CD DVD Label Country video store chains Country CD. The company's turnover in 2006 amounted to $ 20,000,000