MOSCOW Feb 3 Russian hypermarket chain Lenta,
part-owned by U.S. private equity firm TPG,, said on
Monday it intends to float in London, tapping demand from
investors for consumer-focused stocks buoyed by a rising middle
The move could produce a rare success story for a U.S.
buyout firm in Russia, giving TPG the opportunity to partly exit
an investment it made in 2009.
Lenta will be competing for investor attention with German
retailer Metro AG, which plans to sell up to a quarter
of its Russian cash-and-carry unit in a London listing to raise
funds to invest in the fast-growing business and pay down debt.