Russian foodchain Lenta narrows IPO guidance to $10-$10.25/GDR - sources

MOSCOW Thu Feb 27, 2014 3:11am EST

MOSCOW Feb 27 (Reuters) - Russian hypermarket chain Lenta has narrowed guidance for its initial public offering (IPO) to $10-$10.25 per global depositary receipt (GDR), two banking sources told Reuters on Thursday.

The previous guidance for Lenta's London IPO stood at $10-$11 per GDR. Sources said that order books - which will be closed later on Thursday - were covered within the new range.

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