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Examples
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Globaltrans, a freight railway operator, hopes to raise $509 million when it floats on the LSE, while supermarket chain Magnit is targeting $480 million.
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Magnit priced shares Tuesday night at $42.50 apiece, just above the middle of its $40 to $44 price range.
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OAO Magnit, the country's largest food retailer by market value, was among the companies that benefited from surging domestic demand, posting a 20 percent gain in net income last year.
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Russian retail sales were up 5.6 percent year on year in July, the same rate as the previous month, while X5 and rival Magnit MGNT.MM are both targeting sales growth of over 40 percent for the calendar year.
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OAO Magnit (MGNT), Russia's biggest retailer by number of stores, RTS Index (RTSI$) in Moscow advanced 2 percent to 1,577.29 yesterday, adding 14 percent in January.
unknown title 2012
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Magnit, the country's second-largest supermarket chain, boosted net sales 25.4 percent in January year on year, the company said in a statement Wednesday.
The Moscow Times < 2010
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Magnit pledges more price cuts to win customers markets * To sacrifice up to 1.5 points of EBITDA margin * To continue efficiency efforts in
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Magnit said its sales growth accelerated in March after it added twice as many new outlets as in February, but has so far failed to reverse customer outflows from mature stores.
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Magnit, the country's second-largest supermarket chain, boosted net sales 25.4 percent in January year on year, the company said in a statement Wednesday.
The Moscow Times < 2010
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Magnit, the country's second-largest supermarket chain, boosted net sales 25.4 percent in January year on year, the company said in a statement Wednesday.
The Moscow Times < 2010
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