Russia's Ulmart in talks with funds on private placement - co-owner

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Dmitry Kostigin told Reuters in an interview at the St Petersburg International Economic Forum that he expects Ulmart's 2015 sales to be $1.2- $1.3 billion and that sales could reach $3-4 billion in 2016.

(Reporting by Maria Kiselyova and Olga Sichkar, Writing by Lidia Kelly, Editing by Timothy Heritage)