Fix Price looking into option to list principal operating subsidiary - CEO

MOSCOW. Oct 31 (Interfax) - Fix Price , which operates Russia's largest chain of fixed-price stores, is considering a potential listing for the retailer's principal operating asset as one of its strategic steps, group CEO Dmitry Kirsanov was quoted as saying in the financial results for the third quarter.

The next step after this could be "transitioning to this level of ownership for minority shareholders". Kirsanov did not provide any details in the statement.

Russia's Best Price LLC is Fix Price's principal operating subsidiary.

A Fix Price representative told Interfax that this involves obtaining a listing on the Moscow Exchange.

The retailer's holding company, Fix Price plc, re-domiciled from Cyprus to Kazakhstan last year, and the shareholders approved the process in November 2023. Fix Price's securities are currently traded on the Moscow Exchange and the Astana International Exchange (AIX). The retailer's GDRs were traded on the London Stock Exchange until August 2024.

Fix Price is Russia's largest operator of fixed price stores, and has a network uniting around 6,545 stores in Russia and neighboring countries, including Belarus, Georgia, Kazakhstan, and others.