Private equity-backed Russian grocer Lenta has reportedly begun talks with bankers over a potential London IPO which could raise £1bn.
The business, which is part-owned by TPG Capital and VTB Capital, could list on the London Stock Exchange as soon as the last quarter of 2013 according to the FT, which cited a person with knowledge of the plan.
It said other sources believed a listing was unlikely to happen this year.
That purchase brought to an end a long-running fight for ownership of the business.
The TPG/VTB partnership’s original $100m investment four years ago sparking a violent brawl between rival investors at a board meeting in September a year later, raising a sustained dispute over the company’s management strategy.
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