LONDON: Russian billionaire Mikhail Fridman has bought British health food retailer Holland & Barrett for £1.8 billion ($2.3 billion, 2.0 billion euros), his investment fund said on Monday.

L1 Retail, which is a division of Fridman’s holding company LetterOne, said it has purchased Holland & Barrett from parent company Nature’s Bounty -- which is owned by US private equity firm Carlyle.

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