Megapolis is mulling to sell shares worth $1.5 billion in a London initial public offering (IPO), Reuters reports. The Russian tobacco distributor may offer 25-30% of its shares.
The company intends to use the proceeds to fund international expansion, particularly in CIS and Eastern Europe. Credit Suisse, JP Morgan, Deutsche Bank, Renaissance Capital, Troika Dialog and Sberbank are the selected IPO organizers.
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