MOSCOW: Russian hypermarket chain Lenta, part-owned by US private equity firm TPG and Russia’s VTB Capital, is talking to banks about a possible London listing which could raise at least US$1bil, sources familiar with the matter said.
The move could produce a rare success story for a US buyout firms in Russia, giving TPG the opportunity to exit an investment it made in 2009.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!