Grocery chain Kopeika plans an IPO this autumn.
It is thought the Moscow-based retailer will offer about 30% of its shares. Possible buyers include X5 Retail Group or Walmart.
An acquisition of a minority stake in Kopeika would be a good move for X5, as Kopeika competes with X5’s Pyaterochka stores in Moscow. Similarly, acquiring a stake in Kopeika would give Walmart a base for its planned expansion in Russia.