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26/10/2009
The shareholders of Smotri and two major Russian banks today successfully finalised first phase of bank debt restructuring process by agreeing on the business plan that would allow Smotri to stabilize its positions and demonstrate healthy growth.
Smotri is a leading optics retail chain in Russia operating more than 40 outlets in four different formats, targeting mid and high ends of the market.
KBC Securities acted as exclusive financial advisor to the owners of Smotri.
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