Azerbaijan, Baku, July 17 / Trend U.Ismayilova /
Negotiations of the ADA Group and
CRG Capital on investing which began early this year, are close to completion, CRG Capital Managing Director Parham Pouladdej said, the ADA group of companies reported.
Pouladdej said the CRG Capital intends to invest in the restoration of a network of Almali supermarkets and negotiations on the restructuring have already been launched.
"We highly appreciate the pace of economic development of Azerbaijan. Therefore, the food retail sector is attractive to us. We hope the restructuring negotiations with creditors will be finalized in a short period and a network of Almali supermarkets will be resumed in autumn. The business plan and financial plan for the rehabilitation of the supermarket have been fully prepared," Pouladdej said.
CRG Capital intends to invite highly qualified foreign specialists in the field of retail trade to promote local experts to restore the network of Almali supermarkets.
CRG Capital was founded in 1992 and is a private financial fund. The company's central office is located in Vienna. The Fund specializes in the restoration activities of companies in a state of crisis and investing in these investments.
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