Retailer Fix Price announces IPO on LSE, selling shareholders are founders, Vinokurov and GS
MOSCOW. Feb 15 (Interfax) - Retailer Fix Price, which manages a chain of fixed-price stores, has officially announced plans for an IPO on the London Stock Exchange.
A secondary listing is planned on the Moscow Exchange , the company said in a statement on the LSE.
The offer would consist of an offering of GDRs by certain existing shareholders of the company. The selling shareholders comprise Luncor Overseas S.A. (an investment vehicle owned by one of the company's founders, Artem Khachatryan); LF Group DMCC (an investment vehicle owned by one of the company's founders, Sergey Lomakin); Samonico Holdings Ltd (an investment vehicle of Marathon Group); and GLQ International Holdings Ltd (an indirect wholly owned subsidiary of The Goldman Sachs Group , Inc.).
In addition, Luncor intends to sell certain GDRs on behalf of certain members of the company's senior management and other minority shareholders, to allow such persons to monetize some of their shareholding. The founding shareholders will retain a significant interest in the company post-IPO.
The organizers will be BofA Securities, Citigroup, J.P. Morgan, Morgan Stanley and VTB Capital.
