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The Vkusvill Chain of Stores is Discussing the Possibility of an IPO
8.02.2019 00:14
The Vkusvill Chain of Stores is Discussing the Possibility of an IPO

The Vkusvill chain of stores is discussing the possibility of an IPO: if this happens, Vkusvill will become the first retailer to go public since 2014, Kommersant newspaper reports. But first, the network will have to increase the number of stores by 30%. 

      It is reported that Vkusvill started to hold meetings with potential investors, where the possibility of an IPO is being discussed. Various options are being considered: among them is the placement of up to 25% of the increased authorized capital on the Moscow Stock Exchange. As the senior analyst of “Aton” Viktor Dima notes, the current capital of the retailer should be increased by 30%. 

      At the moment,  the discussion is at the initial stage, and the specific details of the transaction are still unknown. A representative of one of the investment funds told Kommersant that for the time being, the scale of Vkusvill is not sufficient for an IPO.  The most realistic deadlines are 2020–2021.

      Read More Articles about Russian Economy and Business


Author: Anna Dorozhkina

Tags: Russian trade Russian companies Russian business   

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