Metro Cash & Carry Russia IPO could exceed USD 1bn, Sberbank and Goldman Sachs possible organisers
Metro Cash & Carry is looking to conduct an IPO of its Russian subsidiary in 2H 2014, Vedomosti reported, citing a source in banking sector. The IPO of Russian Metro Cash & Carry business could exceed USD 1bn, and the parent company will retain a small stake, the article in Russian-language reported.
According to the report, Sberbank and Goldman Sachs may organise the deal.
There are 68 trading centres of Metro Cash & Carry operating in Russia, the report added.
Source Vedomosti