MOSCOW, June 13 Russian hypermarket chain Lenta,
part-owned by U.S. private equity firm TPG and Russia's
VTB Capital, has selected banks for a possible 2014
initial public offering, two sources familiar with the situation
said on Thursday.
The banks selected are: JP Morgan Chase & Co, Credit
Suisse, UBS, Deutsche Bank and
VTB, the sources said. The IPO is expected to be in
Sources familiar with the matter have said that Lenta was
talking to banks about a possible London listing which could
raise at least $1 billion and could command a valuation of over
Lenta was not immediately available for comment. TPG, JPM,
Credit Suisse and VTB declined comment. UBS and Deutsche did not
immediately provide comment.