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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
(Source: http://wegreen.ru/vkusvill)

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.

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Author: Anna Dorozhkina

Tags: Russian trade Russian companies Russian business   

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