Russian retailer Lenta plans London market debut in February-sources
MOSCOW Jan 24 (Reuters) - Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and Russia's VTB Capital, plans a stock market flotation in London before the end of next month, two financial market sources said on Friday.
"The deal is proposed to be done before end of February but there is no decision yet," one source close to the deal said. Another source also said the deal was planned for February.
Lenta declined to comment.
Last year, sources familiar with the situation told Reuters earlier Lenta had picked JP Morgan, Credit Suisse , UBS, Deutsche Bank and VTB for a possible London stock market debut that could raise at least $1 billion.
- Six people injured when camera catches fire at 30 Rockefeller Plaza
- Israel holds off on escalating Gaza barrage; West wants truce |
- Russia warns Ukraine after shell crosses border |
- Exclusive: YouTube weighs funding efforts to boost premium content - sources
- 'Excessive' rubbing of engine blades caused F-35 failure: Pentagon