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Fridman's L1 Retail to buy Holland & Barrett for 1.8 billion pounds - source

Reuters
FILE: Chairman of the supervisory board of Alfa Group consortium Mikhail Fridman attends a session during the Week of Russian Business, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), in Moscow, Russia March 16, 2017. REUTERS/Sergei Karpukhin (Reuters)

(Reuters) - Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds, according to a source familiar with the matter. L1 Retail will take control of the chain from its private equity owners Carlyle Group . The deal was first reported by the Financial Times. Carlyle Group bought Nature's Bounty, the owner of Holland & Barrett, in 2010 for $3.8 billion (£3 billion). L1 Retail, Holland & Barrett, Carlyle Group and Nature's Bounty were not immediately available to comment. (Reporting by Pamela Barbaglia and Parikshit Mishra; Editing by Bill Rigby)