"Hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and VTB Capital, has selected banks for a possible initial public offering (IPO) next year, two sources familiar with the situation said.
The banks chosen are JP Morgan Chase & Co, Credit Suisse, UBS, Deutsche Bank and VTB, the sources said.
Fast-growing retail and consumer stocks have been among the few bright sparks of the Russian market this year, and a stock market listing could play well with fund managers looking for a way to profit from the country's growing middle class."
'via Blog this'
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