Metro Group’s Russian division of Cash & Carry has its IPO set for April

German retailer Metro Group is to float its Russian division of Metro Cash & Carry in the middle of April, according to
Reuters. The company is planning to raise at least €1bn as a result of the IPO on the London Stock Exchange (LSE).
The estimated value of the company is between €4bn and €7.5bn.
Metro entered Russia in 2000, opening its first cash and carry hypermarket in 2001. InfoLine analysts estimate that
the sales figure for Metro Cash & Carry Russia in financial 2013 was €4.12bn.
Overall, there are 72 Metro cash and carry stores in about 50 Russian cities.

Source: PMR 

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