Ukrainian supermarket chain Furshet could launch an IPO in 2009 to finance an aggressive expansion.

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The retailer wants to expand its network to 112 stores this year from 66 currently. By 2009, it hopes to own 169 shops in the Ukraine and Moldova.


Furshet delivered a 38% net sales jump to US$481m in 2006 thanks to the booming Ukrainian retail market as a healthy economy boosts consumers spending.


Furshet estimated the market is worth $28bn a year and that it has huge potential.

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