Russian discount grocer turns to London for capital injection
Russian discount grocer Kopeyka has announced its intention to float a portion of the company on the London Stock Exchange.

The company, which operates more than 200 stores - 150 of them under the Kopeyka fascia - is already listed on the Moscow bourse, following an initial public offering (IPO) in April this year.

Market sources have estimated that the London IPO should raise between US$1 billion (£540.6 million) and US$1.2 billion (£648.7 million), with the money being used to fuel further expansion.

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