Russian retailer Kopeika is in talks with two potential buyers while also eyeing a possible IPO, according to reports.

It is understood the firm, which has valued itself at between US$1.6bn and $1.8bn, is holding talks with rivals willing to buy its entire business, Reuters wrote today (30 June).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Russian grocer X5 Retail Group is believed to be one company Kopeika is in talks with after talks with grocery chain Magnit failed over price.

Kopeika is owned by Nikolai Tsvetkov, the beneficial owner of the Uralsib bank

Wal-Mart has previously been linked to the possible acquisition of a number of Russian retailers, including Kopeika. However, no deal has been forthcoming.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now