RUSSIA: Kopeyka postpones IPO
Russian retail chain Kopeyka has said that it will not be holding an initial public offering in 2006 or 2007. The IPO had originally been scheduled for July 2006.
Kopeyka had planned to place 1.1bn common shares, with 70% of them GDRs on the London Stock Exchange and 30% as Russian shares on the RTS. It had hoped to raise US$300m.
The company may hold the offering in 2008, Kopeyka said in a statement. Currently, the retailer has enough resources to support continued growth.
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- General Mills sales woes continue - analysis
- Interview: The Soulfull Project's mission
- Post Holdings 'close to acquiring Weetabix'
- Kraft Heinz cuts jobs in US, Canada
- Recipe-kit firm HelloFresh launches into UK retail
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action